LOS ANGELES — An affiliate of Merlone Geier Partnerscalled MGP XI REIT LLChas acquired the Plaza at Golden Valley, a 618,000-square-foot regional shopping center in Santa Clarita, for an undisclosed sum. The center is located at SR-14 at Golden Valley and Via Princessa in the Los Angeles submarket of Santa Clarita.
Notable tenants at the center include Target, Lowes, Kohl’s, Bed Bath & Beyond, Staples and PetSmart. The center comprises the retail portion of the Golden Valley Ranch development, which also includes open space preserves and proposed housing.
Bill Bauman and Kyle Miller of Studley’s National Retail Services Group represented the seller, GMS Golden Valley Ranch, LLC, a wholly-owned subsidiary of Terramar Retail Centers, LLC, in this off-market transaction.