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Deluxe Media leases in Valencia

Posted: August 18, 2011 1:55 a.m.
Updated: August 18, 2011 1:57 a.m.

Deluxe Media Management has leased a 229,450-square-foot building at Vista Business Park, pictured above, in Valencia.

 

Deluxe Media Management, a subsidiary of Deluxe Entertainment Services Group Inc., has leased a 229,450-square-foot building at Vista Business Park in Valencia.

IDS Real Estate Group, which handled the lease, announced it is reportedly the largest industrial building lease in the Santa Clarita/San Fernando valley areas in 2011. Craig Peters of CB Richard Ellis represented the tenant. Financial terms were not disclosed.

Deluxe Media provides third-party logistics services and marketing solutions to the Hollywood entertainment and consumer-products industries. The new lease allows the company to expand its fulfillment operations.

“We are excited to be extending our business commitment in Santa Clarita,” said Michael Alvarez Jr., president of Deluxe Media Management. 

“This state-of-the-art building allows us to better serve our clients in storing, managing and distributing their physical and digital materials,” he said.

Deluxe’s new facility is a Class A, concrete tilt-up structure that features nearly 12,500 square feet of office space.

The Vista Business Park is a four-building complex totaling 750,000 square feet within the larger Valencia Commercial Center, developed by IDS and funded by Multi-Employer Property Trust, or MEPT.

MEPT funded and owns Visa Business Park and IDS manages the properties.

Rob Fuelling, senior vice president of Los Angeles-based IDS, along with Nigel Stout of Jones, Lang LaSalle, represented the landlord.

The property is located at 28355 Witherspoon Parkway.

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