The property involved in the transaction is an 80,300-square-foot industrial asset located at 28144 Witherspoon Parkway in Valencia. This lease reflects ASC Process Systems' commitment to expanding its local operations within the Santa Clarita Valley, bringing its total footprint in the region to over 300,000 square feet. The building is owned by Westcore.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Square Footage: 80,300
• Address: 28144 Witherspoon Parkway
• Market: Valencia
• Landlord: Andrew Burke - Westcore
• Tenant: ASC Process Systems
• Brokers: Matt Dierckman, David Harding, Greg Geraci, Billy Walk & Kevin Carroll - Colliers

This leasing transaction is notable as it stands out in a market primarily characterized by renewals, underlining the strategic growth of ASC Process Systems within the industrial sector. The brokers from Colliers facilitated this significant lease agreement, contributing to the successful arrangement between Westcore and ASC Process Systems.