TCC and Clarion Complete 1.7M-Square-Foot Center at Needham Ranch

Trammell Crow Company (TCC), a global commercial real estate developer, and real estate investment manager Clarion Partners announced that construction is complete at its award-winning 1.7-million-square-foot industrial park in Santa Clarita, California, The Center at Needham Ranch (CANR). The 11-building industrial park, which the JV began construction on in 2017, was fully leased by May 2023 with tenants that include DrinkPAK, LA North Studios, Illumination Dynamics, US AutoForce, and a confidential e-commerce company.

The JV, in partnership with the City of Santa Clarita, also recently opened the Needham Ranch Parkway, which was constructed as part of the 250-acre development and provides motorists an alternate route between Newhall Avenue and Sierra Highway.

“The Center at Needham Ranch has been an incredible project to be a part of and our local TCC team has valued our partnership with the City of Santa Clarita, which has been an avid supporter of the development since we broke ground seven years ago,” said Philip Tsui, Senior Vice President for TCC. “Needham Ranch has filled the demand for modern, Class A logistics space in the Santa Clarita Valley, and more specifically in the LA North industrial submarket, which continues to see demand from industrial users because of the area’s deep and talented labor pool and the overall quality of life in the Valley. We are excited to officially close this chapter and look forward to the next development opportunity in this market.”

“The Center at Needham Ranch has been a once in a lifetime project to work on,” added Nicole Welch of Clarion Partners. “Our team is extremely thankful for the City of Santa Clarita’s support, and TCC’s efforts in developing an award-winning, Class A industrial business park. We are pleased with the outcome and appreciative of everyone’s hard work to make this project come to fruition.”

Oltmans Construction Co. served as the general contractor for CANR. The project’s architect was HPA, Inc. and the civil engineer was Alliance Land Planning & Engineering. The facilities were marketed and leased by the CBRE team of Craig Peters, Cameron Merrill, Doug Sonderegger, Sam Glendon, and Richard Ramirez.