With all the delays caused by the COVID pandemic this past summer, studios and sound stages have found themselves busier than ever as production resumes and more studio space is desperately needed.
That certainly is the case with Santa Clarita studio and sound stage facility LA North Studios, which has now taken its first steps to add a satellite facility, its third in the Santa Clarita Valley. Today, it was announced by investors/developers Trammell Crow Company (TCC) and Clarion Partners, LLC that LA North has signed a five-year lease to take over the 113,640 square-foot Building 5 at The Center at Needham Ranch with plans to convert it into a soundstage hub in early 2021.
Building 5 is comprised of 113,640 square feet of Class A industrial space, featuring 36’ clear height, ESFR sprinklers, 14 dock positions and 204 car parking spaces. LA North Studio plans to convert the building into an F-1-certified sound stages, as a companion to their other F-1 certified facilities in the Santa Clarita Valley.
Some of LA North Studios current clients include Warner Bros., Amazon Studios, Showtime, Netflix, Disney and Universal, for which LA North has provided sound stages, studios and other production services. The main campus currently features five sound stages, a fully operational on-site construction mill and production space totaling 143,000 square feet.
LA North Co-Founders Anthony Syracuse and John Prabhu said about the expansion, “As we have grown and scaled our business, LA North Studios has quickly become a preferred production facility in the region. All of our sound stages are fully committed, and this expansion allows us to meet our clients’ needs today and into the future.”
John Balestra, Principal with TCC’s SoCal – Los Angeles Business Unit added, “For entertainment uses, the Santa Clarita Valley continues to experience significant growth in the amount of local production facilities that operate here. This area is a competitive, and often more attractive, alternative to Los Angeles. While this is an industrial park and we welcome traditional industrial uses like warehousing, last-mile distribution and manufacturing, you cannot deny the long-term viability of industries like media and entertainment. Today, streaming and content creation is more important than ever, and we are pleased to have LA North Studios at The Center at Needham Ranch”
CBRE Group’s Craig Peters and Doug Sonderegger represented the TCC and Clarion in the transaction, Peters saying, “This lease with LA North Studios further validates that The Center at Needham Ranch is the perfect location for entertainment-related companies. LA North Studios is exactly the type of company we were hoping to find for The Center and is an ideal fit for the project. Their new stages will be able to accommodate the growing demand from content creators to find space within the studio zone. The Center at Needham Ranch has some of the only 36-foot clear height buildings in the market. For entertainment, studio and production uses, the higher ceilings in the space is a significant advantage. In addition to the ceilings, the park-like environment will continue to make the Center at Needham Ranch a key target for entertainment and production occupiers.”
There are only two buildings left in Phase 1 for The Center at Needham Ranch with plans to break ground on Phase 2 by year’s end. You can learn more about space available in The Center’s 900,000 square feet of Class A industrial space at TheCenterAtNeedhamRanch.com in the video below or download a brochure.