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SANTA CLARITA, CA-Home Depot has purchased 21 acres for $3 million as a future development site, according to Grubb & Ellis Co.

Ray Bayat of the Grubb & Ellis North Los Angeles office says the Atlanta-based home improvement store chain has not announced when it will develop the site, which it acquired from Tampa Saticoy LLC of Century City, a real estate investment firm. Bayat represented the seller, with Home Depot representing itself.

The property acquired by the national retailing chain is at 20600 Golden Triangle Rd., which is near Soledad Canyon Road, one of the main thoroughfares providing access to the I-5 Freeway. Developers have been acquiring a variety of retail sites throughout Santa Clarita both to build new shops and centers and lock up parcels for future development. The area is one of the fastest growing in Southern California, with a host of new housing developments leading the new retail projects.

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