Pharmavite to Pack Up, Head for Valencia

Pharmavite Corp., a fast-growing maker of nutritional supplements, said Thursday it will relocate its production, development and distribution operations to Valencia in one of the largest-ever industrial lease transactions in Los Angeles County.

The Mission Hills-based company will lease 740,000 square feet of space in four new buildings at Vista Business Park in Valencia. The 10-year lease is reportedly valued at more than $50 million.