CBRE announced Valencia Pipe Company Inc., a division of VPC Global, leased 170,990 square feet at Vista Business Park in Valencia, Calif. for $10.1 million.
“This new location provides Valencia Pipe Company with an excellent opportunity to expand its growing business and consolidate multiple locations into a single facility,” said Andrew Dervin, CEO of VPC Global. “This will allow us to grow and to service our customers in the best way possible.”
The Class A property, located at 28305 Livingston Avenue, will serve as the company’s new headquarters and distribution facility, with its manufacturing operations remaining in Kingman, Ariz. The site features heavy power, 22 ground-level loading doors, two dock high doors, 30’ clear height, and 344 parking spaces. The landlord, Valencia LLC, is currently adding approximately 7,000 square feet of corporate office space on the site. Once completed, the company will vacate its current facilities in the Valencia Commerce Center on Industry Drive.
“We are pleased that Valencia Pipe Company will continue its tremendous growth here in the Santa Clarita Valley and take advantage of consolidating operations into a single, modern facility,” said Holly Schroeder, president and chief executive officer of the Santa Clarita Valley Economic Development Corporation.
Added Dierckman, “The lease structure allows the company to move all warehousing functions in early while the new corporate office space is being built, and it provides Valencia Pipe with the ability to lease and sublease its existing six facilities in the Valencia Commerce Center.”
The Valencia/Santa Clarita industrial market continues to see strong demand from a variety of companies and very little vacancy. This, along with Santa Clarita being named “Most Business Friendly City” by the Los Angeles Economic Development Corporation, its strong labor force and amenity rich environment is spurring new development and opportunity throughout the region.
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.