VALENCIA, CA-A fully leased, prime grocery-anchored neighborhood center is on the block for sale in the Los Angeles submarket of Santa Clarita. The Jones Lang LaSalle’s capital markets team was hired to market the 126,956-square-foot center here, and managing director Michelle Schierberl, tells GlobeSt.com that a significant amount of investors are expected to be interested in Bridgeport Marketplace.
Schierberl points out that investors like pension funds, REITS, and private buyers will be attracted to the center “for its stabilized income stream with long-term leased tenants, as this type of core, class A property is extremely scarce lately.”
Bridgeport Marketplace was built in 2008 and is located at the intersection of McBean Parkway and Newhall Ranch Road in Valencia. It is anchored by Walgreen’s and Valley Produce Market and home to a number of other restaurants as well as medical office and fitness offerings.
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