Santa Clarita Shopping Center Trades for $70M


The 153,686-square-foot center, which is 95 percent occupied, traded in an off-market transaction brokered by Colliers International.

Galois Group purchased Gateway Village Shopping Center, a neighborhood center in Santa Clarita, Los Angeles County’s third-largest municipality, for $69.5 million in an off-market transaction. Colliers International Executive Vice President Michelle Schierberl and Senior Vice President Donald Ellis brokered the sale of the 153,686-square-foot center.

Located at 28207-28313 Newhall Ranch Road, the center offers easy access to Interstate 5 and the Antelope Valley Freeway (State Route 14), with traffic counts of over 60,000 cars a day. Built in 2005, the center was previously owned by JH Real Estate Partners and is 95 percent occupied with only one vacant space. Anchor tenants include LA Fitness, Smart & Final Extra, Coffee Bean & Tea, The Habit, US Bank and Lindora Medical…

Santa Clarita Shopping Center Trades for $70M

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