File photo: A 2009 grand opening at the Plaza at Golden Valley.
The 6-year-old Plaza at Golden Valley commercial center east of Highway 14 in Santa Clarita has been sold to a California real estate investment partnership, according to the trade publication Commercial Property Executive.
The website of Merlone Geier Partners, with offices in San Francisco and San Diego, confirms that it now owns the 618,000-square-foot complex that includes a Target store, Lowe’s, Staples and Kohl’s, among others.
The seller was Terramar Retail Centers LLC, and the buyer is a Merlone Geier affiliate named MGP XI REIT LLC, according to the publication.
The purchase involves all of the retail property that’s part of the Golden Valley Ranch development. The price was not indicated. The housing portion of the development project has not yet started construction.
About Merlone Geier Partners
Merlone Geier Partners is a private real estate investment company focused on the acquisition, development and redevelopment of retail and retail-driven mixed-use properties on the West Coast. We target opportunities where we can add value through lease-up, repositioning, redevelopment or improved management. Our in-house staff of development, leasing, asset management and property management professionals executes our business plans with respect to each asset.
Primarily focused on community and neighborhood shopping centers, Merlone Geier Partners and our predecessor, M&H Realty Partners, have been actively investing in West Coast retail property since 1993, acquiring to date 129 West Coast properties representing more than 21 million square feet. Our firm, co-managed by Peter J. Merlone and Bradley A. Geier, has raised more than $3.2 billion of discretionary institutional equity capital over the past 21 years. We have recently closed our eleventh fund, Merlone Geier Partners XI, L.P., which has more than $900 million in capital commitments.
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51 Comments
Maybe they can close Kohl’s replace it with H&M & Cheesecake Factory or Nordstrom Rack.
The rack would be awesome!!!!!
Don’t close Kohl’s!! A Trader Joe’s would be awesome
Traders would be awesome!
Trader Joes and Cheesecake. HM is going in at the mall.
And a Party City lol
Trader joes next to lowes, yes, but H&M in place of Kohl’s would SUCK. I love that Kohl’s. So much better than the one in Valencia.
Agreed! That kohls is so much nicer. A trader joes would be nice. Plenty of room for parking
Krispy Kreme !!!!!!!
HM is coming to the Mall ??? When?
Portos!
Trader joes and a Cheesecake Factory and I will have no need to leave scv! Lol
If a trader joes went there, I would never need to go to valencia or even cross town. Sorry but we have the better target, khols, and wal mart in Scv!
Portos it coming to the area where tresierras used to be.
seriously?? omg i better start running again.
seriously?? omg i better start running again.
Kohls is an affiliate od Target. I think leases need to be honored and Target won’t let Trader Joes in. There is plenty of empty spaces but no one but Trader Joes wants in.
Kohls is awesome.
Kohls is awesome.
Yep H&M is coming to our mall in Valencia! The store that I use to work, Finish Line, closed down due to lease and H&M might be taking that lot and more. It’s rumoured to be 2 stories tall.
Yep H&M is coming to our mall in Valencia! The store that I use to work, Finish Line, closed down due to lease and H&M might be taking that lot and more. It’s rumoured to be 2 stories tall.
Sandra moll what streets for portos
Sandra moll what streets for portos
We need a Red Light District to help pay for college tuition for our prospects..
Why doesn’t Santa Clarita have an AMC Mega-Theater? Or a Dave and Busters
When are they going to widen the Golden Valley bridge over the 14fwy???
When and where will they open a Portos Bakery???
When and where will they open a Portos Bakery???
Why do we need another McDonalds? Thats not REAL food!?
Why do we need another McDonalds? Thats not REAL food!?
On newhall ave. By the DMV
On newhall ave. By the DMV
Portos in SCV? Woohoo!!!
Portos in SCV? Woohoo!!!
Haha what is everyone’s obsession with Cheesecake Factory? The last thing we need is some generic chain restaurant.
Haha what is everyone’s obsession with Cheesecake Factory? The last thing we need is some generic chain restaurant.
I’m soooo excited to hear that Portos is coming to the SCV :)
Trader Joe’s with ample parking on the east side of SCV would be nice.
Trader joes!! Home Goods!
Trader Joe’s, Shakey’s Pizza, or a Bob’s Big Boy would be awesome… Keep Kohl’s for sure!
Trader Joes needs to go in where the Albertsons just left from on Soledad & Sierra, it’s the perfect size building for it.
Where did you hear that a portos is coming?? That would be awesome!!!
Portos oh no I am in trouble.
Portos, Cheesecake Factory, Fry’s Electronics, and a Tesla Motors Supercharger station.
Yay, cancer food!
The Cheesecake Factory is “a generic chain restaurant”!!!! WHAT???? It’s 100 times better than Sizzler or Toppers Pizza (restaurants that recently opened)!! Go to any CF and the wait is long because they have good food and their prices are reasonable! The corner restaurant up at The Patio’s has already been 2 different restaurants within a year! Put in a CF and it’ll be a HIT!!!
Sandra Mollr u sure? That will be awesome!
I spoke to Porto’s a couple of months back and unless something has dramatically changed. They had no plans to come to a scv.
Sorry to burst everyone’s bubble but Portos is not coming to SCV, they looked at the area but won’t commit. Also Cheesecake requires a trade population of 1 million people….even lumping in the AV we still aren’t there so it’ll be sometime before a CF comes to SCV.
I agree with Sheila and Rachelle. (Hi ladies) I would love a Cheescake Factory but I like having a Kohls on this side of town too :) That area is big enough for both and maybe even a Chuckie Cheese for the kids :)
Sandra Moll how do you know this??? In newhall? Stop teasing!!! It would be perfect!!!!