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Trammell Crow, Clarion Close on Final 137-Acres at Santa Clarita Development
Trammell Crow Company (TCC) and Clarion Partners, LLC closed escrow on the remaining 137-acre portion of land for The Center at Needham Ranch, a master-planned, 252-acre industrial development in Santa Clarita. Plans are currently underway to commence construction this summer on Phase 2 of the project, which is fully entitled for up to 2.5 million square feet of additional commercial/industrial space.
TCC’s John Balestra says, “We are pleased to have closed escrow on the second and final phase of land for our state-of-the art industrial park. As one of the largest undeveloped fully entitled industrial development sites in Southern California, we are looking forward to proceeding with the second and final phase of this long-planned development.”
The first phase of the project commenced in late 2017, and is nearing completion on roughly 900,000 square feet of Class A industrial space spanning six buildings.
CBRE’s Craig Peters and Doug Sonderegger are the leasing agents, and handled the land sale.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development


