CBRE has announced that construction has commenced on the Santa Clarita Commerce Center, a leading-edge industrial business park within the City of Santa Clarita. Developer Covington Group, Inc., a privately held, Dallas-based real estate development and investment company, named CBRE as the exclusive leasing and marketing agent for the project which broke ground on May 30. CBRE’s Craig Peters is representing the developer in leasing and marketing the project.
The Santa Clarita Commerce Center will be comprised of four Class A industrial buildings totaling 430,407 square feet situated on 22.3 acres in a campus-like setting. Construction is scheduled to be completed in March and April 2025.
The Santa Clarita Valley submarket currently has no vacant newly built Class A industrial space and is home to many industries with expanding footprints including aerospace, artificial intelligence, manufacturing and entertainment. This project will provide space for the growth occurring in Santa Clarita.
The buildings to be constructed along Springbrook Avenue will include buildings of 40,110, 49,308, 78,467 and 262,522 square feet and will showcase features such as heavy power, clear heights of 32’ to 36’, ESFR fire sprinklers, abundant truck high loading with large truck courts and customizable office space.
The milestone was marked with an official groundbreaking ceremony hosted by Covington Group, Inc. Mr. Peters commenced the event’s speaker program with an overview of the new development. The event included remarks from elected officials and representatives from both City and State. Jason Gibbs, councilmember for City of Santa Clarita, discussed the importance of new industrial space to attract businesses and Jey Wagner, President of the Santa Clarita Valley Economic Development Corporation, expressed the fit of these buildings for key industries such as entertainment, e-commerce, and aerospace/defense. Dana Whitmer, Chief Development Officer of Covington Group, closed the program expressing Covington Group’s excitement for the new project and appreciation for the cooperation from the City.
The site enjoys a strategic location within the City of Santa Clarita, one of the most business-friendly cities in Southern California and surrounded by a well-educated workforce and many amenities. The location provides excellent access to key destinations throughout the greater Los Angeles area, including Downtown, LAX and Burbank Airports and the ports of Los Angeles and Long Beach.
“We are pleased to begin construction on this new state-of-the art business park which will be a home to hundreds of jobs and have a significant economic impact on the City,” said Peters. “The City of Santa Clarita is a great place to do business and we look forward to this project’s positive impact in the community.”
