May 6, 2021 10:00 AM
Newmark Knight Frank (“Newmark”) announces that premier West Coast alcoholic and non-alcoholic beverage manufacturer DrinkPAK, LLC has signed two additional leases for 400,095 square feet, bringing their total space occupied to 572,419 square feet at The Center at Needham Ranch (CANR) industrial park in Santa Clarita, California.
DrinkPAK provides dynamic beverage solutions and comprehensive operational services including procurement support, complex batching and processing, filling, packaging, on-site storage and distribution. Newmark’s Executive Managing Directors Patrick DuRoss, SIOR and John DeGrinis, SIOR and Senior Managing Director Jeff Abraham, SIOR represented the tenant.
“We are thrilled to deepen our roots in Santa Clarita in order to meet our customer’s unprecedented demand for beverage production and distribution services, and we are grateful for the ongoing support of Holly Schroeder and the Santa Clarita Valley Economic Development Corporation, the city of Santa Clarita, and Los Angeles County in helping to expedite a complex permitting process for our facility. Trammel Crow and Clarion Partners, specifically John Balestra of Trammell and Nicole Welch from Clarion, have built a premier industrial campus and they have been instrumental in helping us grow - we are grateful for their partnership.” said Nate Patena, CEO of DrinkPAK.
Building 3 at CANR is comprised of 212,236 square feet of Class A industrial space and Building 4 is comprised of 187,859 square feet, with both buildings featuring 36’ clear height, ESFR sprinklers, and abundant dock positions and parking spaces. The DrinkPAK campus will feature three state-of-the-art high-speed beverage packaging lines capable of producing up to 4,900 cans per minute. At full operation, DrinkPAK will employ approximately 200 employees at the new facilities and will produce 1.9 billion cans of product per year, including energy drinks, canned cocktails, hard seltzers, and other beverages.
“DrinkPAK’s business has grown tremendously in the last year as they have quickly become one of the largest manufacturers in the LA North region,” said DuRoss. “We had intentionally selected The Center at Needham Ranch not only for its modern best-in-class warehousing and prime location but also because we knew it would meet the company’s growth needs for additional facilities down the road.”
DuRoss added, “DrinkPAK provides an all-in-one solution with maximum efficiency, truly unlike any service offered in the Western U.S. With easy distribution to Los Angeles, and proximity to Southern California overall, along with skilled labor and modern warehousing functions, DrinkPAK is set up well for continued growth and success.”
Holly Schroeder, President & CEO of the Santa Clarita Economic Development Corporation commented, “DrinkPak is on its way to becoming a major employer in the Santa Clarita Valley, and we look forward to their continued growth and success.”
Craig Peters and Doug Sonderegger of CBRE represented Trammell Crow Company and Clarion Partners, LLC in the transaction.
Phase 1 of the Center at Needham Ranch is now complete and is comprised of approximately 850,000 square feet of Class A industrial space, offering buildings ranging from approximately 67,639 square feet to 212,236 square feet. Phase 2 is now underway on a 115-gross acre site with approximately 725,000 square feet of additional industrial product planned ranging from 61,116 to 379,000 square feet, with vertical construction to commence in the 4th quarter of 2021.
Located immediately adjacent to the San Fernando Valley approximately one mile north of Interstate 5 adjacent to Highway 14, the project provides immediate access to the San Fernando Valley and greater Los Angeles region with more than 5 million people within a 30-minute commute.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2020, Newmark generated revenues in excess of $1.9 billion. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.