Valencia Industrial Center

Work has begun on a $3.1-million light-industrial complex consisting of two 20,000-square-foot buildings on 2.1 acres in the Valencia Industrial Center, 25010 Tibbitts Ave., Valencia. Completion is scheduled for February, according to the Resnick Co., Encino, developer.

More than $3 million worth of aluminum castings and other items used to make cargo planes was stolen from two storage trailers in the Valencia Industrial Center, apparently by burglars looking to sell it as scrap metal, authorities said Tuesday. The burglary is by far the largest in a series of about 10 similar heists at the aircraft supply company and other businesses in the industrial center during recent months, according to sheriff's officials.

A Seafood Broiler restaurant, the latest addition to Restaurant Row immediately south of the Valencia Industrial Center in Valencia, has broken ground on a 1.25-acre site at the intersection of the Old Road and Magic Mountain Parkway. The $1.8-million restaurant designed by M. S. Mazzella Architect, San Diego, is scheduled for completion this summer.

In the wake of the recent earthquake, Pacific Bell, Great Western Bank of Chatsworth and Cigna have signed long-term leases for space at the Valencia Corporate Telecommuting Center, a 30,000-square-foot telecommuting building that has been wired with fiber-optics and other voice and data networking systems. The center's owner, Valencia-based Newhall Land & Farming Co.

Newhall Land & Farming Co. and the state Department of Transportation on Friday opened privately financed freeway on- and off-ramps in Valencia. Ramps serving the southbound side of the Golden State Freeway at Rye Canyon Road were built to ease congestion in the growing Valencia Industrial Center, said Jim Backer, spokesman for Newhall Land & Farming, which is developing the center. Newhall Land covered the about $2 million cost of building the ramps, Backer said.

In the wake of the recent earthquake, Pacific Bell, Great Western Bank of Chatsworth and Cigna have signed long-term leases for space at the Valencia Corporate Telecommuting Center, a 30,000-square-foot telecommuting building that has been wired with fiber-optics and other voice and data networking systems. The center's owner, Valencia-based Newhall Land & Farming Co.

The Mervyn's department store chain has leased 50,000 square feet in the $9-million Lincoln Distribution Center recently completed on a 22.95-acre site at 8858 Rochester Ave., Rancho Cucamonga. The project, developed in a joint venture by Lincoln Property Co. and Aetna Life & Casualty Co., was built by Breton Construction Inc., Irvine, and features two one-story buildings of 164,975 and 143,524 square feet, each with office and warehouse space.

More than $3 million worth of aluminum castings and other items used to make cargo planes was stolen from two storage trailers in the Valencia Industrial Center, apparently by burglars looking to sell it as scrap metal, authorities said Tuesday. The burglary is by far the largest in a series of about 10 similar heists at the aircraft supply company and other businesses in the industrial center during recent months, according to sheriff's officials.

Valencia Co., developer of Valencia Industrial Center, reports record 1988 land sales of 70 acres for $27.5 million, up 145% from 1987.

A mid-September start of construction is scheduled for a $2.7-million industrial building complex in the Valencia Industrial Center following acquisition of 2.5 acres by Tibbits Business Park. JDO & Associates of Woodland Hills, is architect, the Mackel Co. of North Hollywood, general contractor, and Daum/Johnstown American, marketing agent.

Work has begun on a $3.1-million light-industrial complex consisting of two 20,000-square-foot buildings on 2.1 acres in the Valencia Industrial Center, 25010 Tibbitts Ave., Valencia. Completion is scheduled for February, according to the Resnick Co., Encino, developer.

Newhall Land & Farming Co. and the state Department of Transportation on Friday opened privately financed freeway on- and off-ramps in Valencia. Ramps serving the southbound side of the Golden State Freeway at Rye Canyon Road were built to ease congestion in the growing Valencia Industrial Center, said Jim Backer, spokesman for Newhall Land & Farming, which is developing the center. Newhall Land covered the about $2 million cost of building the ramps, Backer said.

A Seafood Broiler restaurant, the latest addition to Restaurant Row immediately south of the Valencia Industrial Center in Valencia, has broken ground on a 1.25-acre site at the intersection of the Old Road and Magic Mountain Parkway. The $1.8-million restaurant designed by M. S. Mazzella Architect, San Diego, is scheduled for completion this summer.

The Mervyn's department store chain has leased 50,000 square feet in the $9-million Lincoln Distribution Center recently completed on a 22.95-acre site at 8858 Rochester Ave., Rancho Cucamonga. The project, developed in a joint venture by Lincoln Property Co. and Aetna Life & Casualty Co., was built by Breton Construction Inc., Irvine, and features two one-story buildings of 164,975 and 143,524 square feet, each with office and warehouse space.

Continental Communities of Woodland Hills, has announced its purchase of 6.3 acres in the Valencia Industrial Center from Newhall Land & Farm Co. for $2.3 million. The negotiations were handled by Daum Johnstown America, representing the buyer, and Coldwell Banker, representing the seller. Located at Avenues Scott and Rockefeller, the center will consist of a five-building complex with about 120,000 square feet of space.

Two 60,000-square-foot industrial buildings, valued at a total of $7 million, have been completed in the Valencia Industrial Center by Saunders development Co. of Woodland HIlls. Designed by David Osborn of Woodland Hills for the high-tech / electronics market, each of the buildings has 48,919 square feet of warehouse space on the first level and 11,520 square feet of office space on the mezzanine level. Coldwell Banker is handling leasing.