Los Angeles, CA
The Center at Needham Ranch Goes Vertical On Phase I
Joint venture celebrates raising of the walls at the highly-anticipated Los Angeles County business park
November 26, 2018
Trammell Crow Company (TCC) and Clarion Partners, LLC were joined by City officials and community members to officially celebrate the initial raising of the walls for Phase 1 of the highly-anticipated Los Angeles County business park The Center at Needham Ranch. Phase I occupancy is scheduled for Spring 2019.
The project is a master-planned, 132 net-acre industrial development located immediately adjacent to the San Fernando Valley approximately one mile north of Interstate 5 adjacent to Highway 14, providing immediate access to the San Fernando Valley and greater Los Angeles region with more than 5 million people within a 30-minute commute. Sitting at the southern entrance to the City of Santa Clarita, the development is ideally situated for “last mile” and regional distribution, studio and entertainment uses, manufacturing, research and development and corporate office uses.
Phase 1 of The Center at Needham Ranch is comprised approximately of a 900,000-square-foot, 7-building, Class A industrial park, offering buildings ranging from approximately 36,000-to-212,000 square feet on a 52-net-acre site. State-of-the-art features include: 30-to-36-foot interior clear heights with ESFR fire sprinklers, abundant dock high loading with large truck courts and yard areas, attractive architectural design featuring extensive use of glass, and abundant vehicle parking with capacity for above standard parking counts.
“Our walls are going up on our first three buildings and we are excited to finally be delivering this long anticipated project with Clarion Partners,” said John Balestra, Senior Vice President with TCC’s SoCal – Los Angeles Business Unit. “Since breaking ground in December 2017, mass grading is now completed, we are completing significant utility and traffic infrastructure improvements and our first three buildings are now underway. Given the extremely limited supply of functional Class A industrial product in the Greater Los Angeles North market where the vacancy rate is 1.4 percent, it is no surprise that we are already generating very strong occupier interest.”
“The City of Santa Clarita is an award-winning community that provides a lower cost of doing business and a high quality of life with expedited permit processing with an abundance of available housing, retail and recreational amenities” stated Philip Tsui, Vice President with TCC’s SoCal – Los Angeles Business Unit. “We truly appreciate the commitment and dedication of the City of Santa Clarita leadership and city staff to supporting our efforts to provide a best in class business park to increase local employment opportunities and future occupiers of The Center at Needham Ranch will derive significant cost savings and access to qualified employees in a phenomenal live-work-play location with convenient access to all Southern California population centers.”
Learn more about The Center at Needham Ranch by clicking the links below:
• Project Video
About Clarion Partners
Clarion Partners LLC, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 36 years. Headquartered in New York, the firm maintains offices in key markets throughout the United States and in London, England. With more than $47.8 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 350 domestic and international institutional investors. More information about the firm is available at www.clarionpartners.com.
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.