SANTA CLARITA, CA
Trammell Crow Company Completes Building 10 at the Center at Needham Ranch and Breaks Ground on 280K-SF Facility
December 16, 2021
A joint venture between Trammell Crow Company, one of the nation’s largest commercial real estate developers and investors, and leading real estate investment manager Clarion Partners, LLC announced that construction is progressing at the 1.9-million-square-foot Center at Needham Ranch (CANR) in Santa Clarita, Calif. The team has completed Building 10 at the 250-acre industrial park and delivered the 169,854-square-foot facility to Tire’s Warehouse, which pre-leased the building in its entirety.
The development team also recently broke ground on a 278,670-square-foot build-to-suit (BTS) facility within CANR for a global ecommerce tenant. Located at 21590 Needham Ranch Parkway, the BTS facility is a cross-dock building that sits on a 27-acre pad and features 36’ clear height. The building is slated to be complete in October 2022.
“Construction is progressing nicely at the Center at Needham Ranch and we are pleased to continue building and delivering our facilities on time and on budget,” said John Balestra, Principal with TCC’s SoCal – Los Angeles Business Unit. “Industrial development continues to be a crucial piece of the puzzle as it relates to our country’s infrastructure – it’s more important than ever that we have the needed space for consumer goods. This type of large, Class A space in highly sought after by a variety of industrial users. We expect the demand to continue to rise over the next several quarters.”
The following speculative buildings are the last that remain in the development pipeline at CANR:
- Building 14, which will include 202,261 square feet of logistics space
- Building 17, which will include 107,522 square feet of logistics space
- Building 18, which will include 85,968 square feet of logistics space
The development team plans to break ground on these facilities, in addition to a 3.3-acre parking lot, during the first quarter of 2022, with completion scheduled for 4Q 2022.
CANR is adjacent to the San Fernando Valley, approximately one mile north of Interstate 5 and adjacent to Highway 14, providing immediate access to the greater Los Angeles region with more than five million people within a 30-minute commute. Sitting at the southern entrance to the City of Santa Clarita, the CANR is ideally situated for last-mile and regional distribution, studio and entertainment uses, manufacturing, research and development and corporate office uses
The General Contractor for the project is Oltman’s Construction Co., the architect is HPA, Inc. and the civil engineer is Alliance Land Planning & Engineering. CBRE’s Craig Peters, Doug Sonderegger and Cameron Merrill are the leasing agents for the property.
Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of September 30, 2023, TCC had $15.4 billion of projects in process and $14.5 billion in its pipeline. It employs 650 professionals in 28 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.