Los Angeles – CBRE announced that Santa Clarita Studios, an independent studio operator, leased a 109,379 square-foot industrial building in Valencia, CA.
CBRE’s Craig Peters and Sam Glendon represented the tenant, which has also provided its space and services to such movie productions as “A Wrinkle in Time,” and television shows such as S.W.A.T., CSI: Crime Scene Investigation, “Good Trouble,” “Mayans MC,” “Future Man,” “Justified,” “L.A. Finest” and “Deadwood.”
The property, located at 28210 Avenue Stanford, is a recently renovated, high-image industrial building located in heart of the Valencia Industrial Center with immediate access to the 5 freeway and located within the 30-Mile Zone. It features 24' minimum clear height, 245 parking spaces with a large rear yard area and 3,000 Amps of power, all ideal features for sound stages.
The building was originally occupied by a printing company when it was built in 1986. After the company relocated last year, the landlord, real estate investment firm Heitman LLC, renovated and updated the building, which contains features that can accommodate film production well. Subsequently, Santa Clarita Studios signed a 7-year lease this month.
“The City of Santa Clarita has been a desirable cost-alternative destination due to the Santa Clarita Valley’s extreme film-friendliness,” said Peters. “We’ve seen a surge of filming activity over the past few years, and we expect this trend to continue.”
On-location filming in the City of Santa Clarita climbed between July 2017 to June 2018, with film permits up 2.8 percent to 560 and an 8.9 percent increase in film days to 1377, generating an estimated $33.1 million in economic impact to the local community, according to the Santa Clarita Film Office.
"As the largest full-service, independent studio in the Santa Clarita Valley, we're thrilled to announce the addition of this property to the 19 sound stages we currently operate in the area,” said Mike DeLorenzo, president of Santa Clarita Studios. “The building's existing offices, high ceilings, and large parking are ideal for film studios and this building will certainly contribute to the already booming film industry in the Santa Clarita Valley."
The Santa Clarita Valley is a thriving center for high-paying industry clusters such as advanced manufacturing, medical devices, aerospace and defense, information technology, and digital media and entertainment. The area is an established commercial market with more than 25 million square feet of industrial and office properties, according to CBRE research.
Peters also represented the landlord.
CBRE’s Craig Peters and Sam Glendon represented the tenant, which has also provided its space and services to such movie productions as “A Wrinkle in Time,” and television shows such as S.W.A.T., CSI: Crime Scene Investigation, “Good Trouble,” “Mayans MC,” “Future Man,” “Justified,” “L.A. Finest” and “Deadwood.”
The property, located at 28210 Avenue Stanford, is a recently renovated, high-image industrial building located in heart of the Valencia Industrial Center with immediate access to the 5 freeway and located within the 30-Mile Zone. It features 24' minimum clear height, 245 parking spaces with a large rear yard area and 3,000 Amps of power, all ideal features for sound stages.
The building was originally occupied by a printing company when it was built in 1986. After the company relocated last year, the landlord, real estate investment firm Heitman LLC, renovated and updated the building, which contains features that can accommodate film production well. Subsequently, Santa Clarita Studios signed a 7-year lease this month.
“The City of Santa Clarita has been a desirable cost-alternative destination due to the Santa Clarita Valley’s extreme film-friendliness,” said Peters. “We’ve seen a surge of filming activity over the past few years, and we expect this trend to continue.”
On-location filming in the City of Santa Clarita climbed between July 2017 to June 2018, with film permits up 2.8 percent to 560 and an 8.9 percent increase in film days to 1377, generating an estimated $33.1 million in economic impact to the local community, according to the Santa Clarita Film Office.
"As the largest full-service, independent studio in the Santa Clarita Valley, we're thrilled to announce the addition of this property to the 19 sound stages we currently operate in the area,” said Mike DeLorenzo, president of Santa Clarita Studios. “The building's existing offices, high ceilings, and large parking are ideal for film studios and this building will certainly contribute to the already booming film industry in the Santa Clarita Valley."
The Santa Clarita Valley is a thriving center for high-paying industry clusters such as advanced manufacturing, medical devices, aerospace and defense, information technology, and digital media and entertainment. The area is an established commercial market with more than 25 million square feet of industrial and office properties, according to CBRE research.
Peters also represented the landlord.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
