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