Beverage Maker DrinkPAK Signs 400K SF Expansion in LA
The company is neighbors with Amazon and LA North Studios at the massive Center at Needham Ranch, developed by Trammell Crow Company and Clarion Partners
Americans are thirsty and DrinkPAK is the answer.
The beverage manufacturer is more than tripling its space at Center at Needham Ranch (CANR) in Santa Clarita, Calif., after signing two new leases for 400,095 square feet with landlords Trammell Crow Company and Clarion Partners. The move follows a deal last November for about 172,000 square feet, bringing the company’s total footprint to 572,419 square feet.
The firm will be taking space across Buildings 3 and 4 later this year, expanding its presence from Building 2 where the firm already operates.
DrinkPAK and its neighbors at the master-planned, 250-acre industrial development uniquely illustrate two powerhouse Southern California industries: industrial warehousing and content production. LA North Studios, a soundstage and studio operating company that works with clients like Netflix and Disney, has signed for 113,640 square feet for a satellite soundstage hub. E-commerce king Amazon also signed one year ago for almost 100,000 square feet.
DrinkPAK provides manufacturing and warehousing services for popular energy drinks, hard seltzers, canned cocktails, and soft drink brands in the world. At CANR, three packaging lines can produce up to 4,900 cans per minute.
The property is adjacent to the San Fernando Valley, approximately one mile north of Interstate 5 and adjacent to Highway 14. Phase 1 of the development is complete with approximately 850,000 square feet of space. Phase 2 is now underway on a 115-acre site with approximately 725,000 square feet of space planned.
“With Phase 1 of the project now 100 percent leased, we are looking forward to delivering our 179,854-square-foot Building 10 this fall and to the start of vertical construction of the remaining Phase 2 project late this year,” Nicole Welch, managing director with Clarion Partners, said in a statement. “Given the severe lack of available industrial product across the Greater L.A. region, with a current vacancy rate of 1.7 percent we continue to see tremendous occupier interest in this project.”
CBRE’s Craig Peters, Cameron Merrill and Doug Sonderegger represented the landlords, while Newmark’s Patrick DuRoss, John DeGrinis and Jeff Abraham represented DinkPAK.
Correction: A previous version of this article incorrectly included Quixote Studios as one of the tenants at the Center at Needham Ranch.