Newmark Knight Frank (“NKF”) negotiates 169,854-Square-Foot Industrial Lease at The Center at Needham Ranch in Santa Clarita, CA.
Newmark Knight Frank (“NKF”) announced it has negotiated a 169,854-Square-Foot Industrial Lease at 21480 Needham Ranch Parkway, at The Center at Needham Ranch. The new tenant, Tire's Warehouse, will occupy newly constructed building 10 at the site. Tire's Warehouse will join current tenants Amazon, LA North Studios, Illumination Dynamics, and recently expanded beverage manufacturer DrinkPAK. With this move to SCV from the San Fernando Valley, Tire's Warehouse has now tripled their facility space in North Los Angeles. Phase 1 at The Center at Needham Ranch is completely leased and construction on Phase 2 is well underway, with buildings 11 through 18 still in the works.
The business park overlooks the I-5 and 14 Freeways, just 1 mile from the city of Los Angeles. "Tire's Warehouse's move to expand here in the Santa Clarita Valley is indicative of the ongoing trend we are seeing within the industrial real estate market" said Holly Schroeder, President and CEO of the Santa Clarita Valley Economic Development Corporation. "Growing companies are finding it increasingly difficult to locate the space they need in such a tight market. Thankfully the SCV's state-of-the-art industrial and commercial developments and business-friendly reputation make it a highly attractive market. We are delighted to welcome Tire's Warehouse to join the growing list of employers who are finding a home here in Santa Clarita."
Needham Ranch's prime location is ideal for: Distribution, E-commerce, Manufacturing, Warehousing, Entertainment, Tech, Aerospace, or Biotech. All industries who have continued to thrive in the Santa Clarita Valley for many years. The Newmark team of John DeGrinins, Patrick DuRoss, Jeff Abraham and Jeff Cannon represented the tenant, alongside Andrew Morrow of Cushman & Wakefield. CBRE’s Craig Peters represented Trammell Crow Company and Clarion partners in the transaction.
The Santa Clarita Valley is one of Los Angeles County’s most business-friendly regions, which boasts no business license fees, no gross receipts tax and no payroll tax. Furthermore, the location offers a highly educated and diverse workforce of more than 2.7 million within a 30-mile radius. Santa Clarita Valley continues to see more and more businesses moving to our ideal location, and they continue to partner with the Santa Clarita Valley Economic Development Corporation. We serve as a one-stop resource on a myriad of issues to help attract, retain and expand a diverse business community.
The Santa Clarita Valley Economic Development Corporation (SCVEDC) is a unique private / public partnership representing the united effort of regional industry and government leaders. The SCVEDC utilizes an integrated approach to attracting, retaining and expanding a diversity of businesses in the Santa Clarita Valley, especially those in key industry clusters, by offering competitive business services and other resources.