Construction Hums Along at 1.9M SF Center at Needham Ranch

Construction is progressing at the 1.9-million-square-foot Center at Needham Ranch (CANR) in Santa Clarita, CA, according to a joint venture between Trammell Crow Company and Clarion Partners LLC. The team 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 e-commerce tenant. Located at 21590 Needham Ranch Pkwy., the BTS facility is a cross-dock building that sits on a 27-acre pad and features 36-foot clear height. The building is slated for completion 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 is 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 to include 202,261 square feet of logistics space
• Building 17 to include 107,522 square feet of logistics space
• Building 18 to 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 fourth quarter 2022.