{"id":1004173136,"date":"2017-04-18T07:10:44","date_gmt":"2017-04-18T15:10:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004173136"},"modified":"2022-12-08T20:59:57","modified_gmt":"2022-12-09T04:59:57","slug":"santa-clarita-shopping-center-trades-hands-for-70m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/santa-clarita-shopping-center-trades-hands-for-70m\/","title":{"rendered":"Santa Clarita Shopping Center Trades for $70M"},"content":{"rendered":"

By Ariela Moraru<\/p>\n

\"Gateway<\/a>

Gateway Plaza Shopping Center, Santa Clarita, Calif.<\/p><\/div>\n

Galois Group purchased Gateway Village Shopping Center, a neighborhood center in Santa Clarita, Los Angeles County\u2019s third-largest municipality, for $69.5 million in an off-market transaction. Colliers International Executive Vice President Michelle Schierberl and Senior Vice President Donald Ellis brokered the sale of the 153,686-square-foot center.<\/p>\n

Located at 28207-28313 Newhall Ranch Road, the center offers easy access to Interstate 5 and the Antelope Valley Freeway (State Route 14), with traffic counts of over 60,000 cars a day. Built in 2005, the center was previously owned by JH Real Estate Partners and is 95 percent occupied with only one vacant space. Anchor tenants include LA Fitness, Smart & Final Extra, Coffee Bean & Tea, The Habit, US Bank and Lindora Medical.<\/p>\n

\u201cThis site is well located to serve residents of Santa Clarita, which is ranked 21st in terms of retails sales out of the 480 incorporated cities in the state,\u201d <\/em>said Ellis in prepared remarks. \u201cIt also benefits from the local employment base, which can choose from an array of restaurants that range from fast-casual to sit down as well as other support service retailers.\u201d<\/em><\/p>\n

The center is part of Valencia Gateway & Valencia Industrial. With 22.5 million square feet of industrial, retail and office, this is the largest master-planned center for business, technology, and industry in Los Angeles County.<\/p>\n

Colliers International<\/a> has recently taken further steps in its Midwest expansion by acquiring one of its affiliates in Michigan.<\/p>\n

Image courtesy of Colliers International<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The 153,686-square-foot center, which is 95 percent occupied, traded in an off-market transaction brokered by Colliers International.<\/p>\n","protected":false},"author":960,"featured_media":1004173141,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1594,21742,21749,15],"tags":[32763],"class_list":["post-1004173136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-los-angeles","category-latest","category-retail","category-west","tag-colliers-international"],"acf":[],"yoast_head":"\nSanta Clarita Shopping Center Trades for $70M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/santa-clarita-shopping-center-trades-hands-for-70m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Santa Clarita Shopping Center Trades for $70M\" \/>\n<meta property=\"og:description\" content=\"The 153,686-square-foot center, which is 95 percent occupied, traded in an off-market transaction brokered by Colliers International.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/santa-clarita-shopping-center-trades-hands-for-70m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-18T15:10:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:59:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Gateway-Plaza-Shopping-Center-Santa-Clarita-Calif..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2612\" \/>\n\t<meta property=\"og:image:height\" content=\"1959\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ariela Moraru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/santa-clarita-shopping-center-trades-hands-for-70m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/santa-clarita-shopping-center-trades-hands-for-70m\/\",\"name\":\"Santa Clarita Shopping Center Trades for $70M - 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