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Wednesday, May 14, 2025

2024 Commercial Real Estate Awards: Industrial Lease of the Year

CRE_gold_award

VITAL STATISTICS

29120 Commerce Center Drive, Valencia
Square Footage: 311,365

Leveraging their relationship with the premier beverage manufacturer, Craig Peters and Sam Glendon facilitated DrinkPAK’s latest expansion and lease, encompassing the 135,258-square-foot building on Commerce Center Drive and the 176,107 square-foot building at on Avenue Paine.

As one of the largest manufacturers in the LA North region, DrinkPAK accommodated its expansion needs by leasing these additional state-of-the-art buildings for warehousing and distribution. The company had already pre-leased the entire 198,451-square-foot Building 14, along with 172,324 square feet of space in Building 2 and 400,095 square feet in Buildings 3 and 4 within The Center at Needham Ranch.


VITAL STATISTICS
DrinkPAK AT NEEDHAM RANCH
21905 & 22001 Needham Ranch Parkway, Santa Clarita
Square Footage: 193,324

DrinkPAK is expanding its state-of-the-art beverage manufacturing campus within The Center at Needham Ranch. The company is adding two new buildings to its growing campus, occupying more than 1.2 million square feet of production and warehousing facilities.

DrinkPAK has four production lines capable of producing more than two
billion cans of alcoholic and non-alcoholic beverages annually.


VITAL STATISTICS

2590 N. Madera Road, Simi Valley
Square Footage: 136,065

Newmark’s John DeGrinis, Patrick DuRoss and Jeff Abraham facilitated this 136,065 square foot lease at 2590 N. Madera Rd in Simi Valley. The landlord was Rexford Industrial and the tenant was River Plate Corporation.

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