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Wednesday, Oct 4, 2023

Real Estate Quarterly: Santa Clarita Valley

Plenty of lease deals occurred during the quarter, but office vacancy grew during the quarter to 13.6 percent as tenants returned 9,900 square feet to the market. Meanwhile, rates increased 2 cents, according to data from Colliers International. Main Events -Valencia Commerceplex 2 at 28901 N. Avenue Paine sold for $17 million. The industrial facility has 146,000 square feet. -Boston Scientific Corp. renewed its current lease for 10 years at 25129 and 25155 Rye Canyon Loop at the Southern California Innovation Park, formerly called Mann Biomedical Park, in Valencia. Financial details were not disclosed. -Valencia Town Center IV at 23822 W. Valencia Blvd. sold for $8.6 million to Parkview Financial in Los Angeles. -Armen Living, a designer and manufacturer of furniture, has leased more than 58,000 square feet for its headquarters at 28939 Avenue Williams in the Valencia. Financial details were not disclosed.

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