In the heart of the sprawling San Fernando Valley, a unique investment opportunity is poised to reshape the area’s landscape. Raytheon Technologies is putting up for sale a more than 46-acre portion of developable land within Warner Center. The property, known as The Uptown at Warner Center, is listed for sale by Realty Advisory Group, Inc., Binswanger and Kidder Mathews—collectively known as RBK. Guidance pricing for the site was not disclosed.
The site is within the Warner Center 2035 Plan, and includes two addresses, 21600 Vanowen Street and 6733 Canoga Avenue. The Warner Center 2035 Plan is targeted at redeveloping the Warner Center/Woodland Hills area into a master planned community with 14 million square feet of new, non-residential space and approximately 20,000 residential units.
The historical journey of the Uptown at Warner Center site mirrors the evolution of aerospace and defense industries in the area. Tracing its origins back to 1955, when it was developed by the United States Air Force, the site has been synonymous with aerospace innovation. Since that time, it has been continuously used for industrial purposes related to aerospace design, engineering, manufacturing and assembly. Prior to the site’s demolition in 2018 and 2019, it had grown to approximately 16 industrial and office buildings totaling approximately 800,000 square feet, the listing shows.
Positioned merely a block away from a diverse spectrum of retailers and essential services, the Uptown at Warner Center site sits in close proximity to Kaiser Permanente Woodland Hills, a sprawling 25-acre medical campus. The site is also directly across from the 1.6 million square foot Westfield Topanga Mall.
Spanning approximately 260 square miles, the San Fernando Valley constitutes a substantial segment of the greater Los Angeles metropolis. Remarkably, if it were an independent city, its population of 1.8 million residents would rank it as the seventh largest city in the United States.
“Los Angeles is one of the most supply constrained real estate markets in the entire country because of its geographic (coastal & mountain range) limitations, dense population and lack of developable land…The Property is within one-block of just about every retailer imaginable and the related conveniences thereto, numerous office buildings and several newly developed residential communities,” the marketing brochure states.
