TCC, Clarion Complete Lease-Up of LA North Industrial Ahead of Delivery
A joint venture between Trammell Crow Company (TCC) and Clarion Partners has completed lease-up at the 1.7-million-square-foot Center at Needham Ranch (CANR) industrial park in Santa Clarita ahead of delivery, DrinkPAK, a beverage manufacturer, has leased the last two buildings in the development’s final phase, expanding its footprint at CANR to 965,000 square feet.
DrinkPAK will occupy CANR’s 107,522-square-foot Building 17 and 85,802-square-foot Building 18. The company previously pre-leased the entire 198,451-square-foot Building 14, following its lease of 172,324 square feet in Building 2 and 400,095 square feet in Buildings 3 and 4.
“The Center at Needham Ranch was developed to fill a growing need for state-of-the-art Class A industrial space in the LA North industrial submarket,” said John Balestra, principal with TCC’s Los Angeles office.
Newmark’s Patrick DuRoss, John DeGrinis, and Jeff Abraham represented DrinkPAK. CBRE’s Craig Peters, Cameron Merrill, and Doug Sonderegger are the leasing agents for CANR.
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