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Thursday, May 30, 2024

Independent Movie Studio Leases Valencia Warehouse

An unidentified independent studio operator with an existing Santa Clarita Valley presence has signed a new 166,359-square-foot lease at Rockefeller Crossing, an industrial building in Valencia owned and operated by LBA Logistics. CBRE Group’s Craig Peters and Sam Glendon represented both tenant and landlord LBA Realty in the transaction. The 27420 Avenue Scott warehouse features 30-foot clear-height ceilings, dock-high doors, proximity to freeways and retail and restaurant options. “This particular operator has been very active and increasing its footprint in the area, following a general trend in this region in response to the tremendous demand from content creators,” Peters said in a statement. Santa Clarita Valley, which has 25 soundstages and several movie ranches, has become a thriving center for entertainment and has also seen industry clusters such as medical devices, aerospace, information technology and digital media.

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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