Live Breaking News & Updates on Santa Clarita Retail Center Sells

Sierra Crest Center, 27125 Sierra Highway, Santa Clarita.
Sierra Crest Center, a retail and office center in Santa Clarita, has sold to a joint venture group for $9.9 million.
CBRE’s Alex Kozakov, Patrick Wade and Matt Greenberg represented both sides of the transaction. The new ownership is a consortium of developers, led by Synergize Ventures in Danville in the Bay Area; Lotus Equity Partners in New York, and Ambassador Equities in Cleveland.
The shopping center was the only sale to come in at over $3 million in Santa Clarita since last summer, according to CBRE.
Located at 27125 Sierra Highway not far from the SR-14 freeway, the 66,782 square-foot center opened in 1991. The two-story Sierra Crest currently features a tenant mix of 69 national and regional tenants, including Dunkin’, State Farm, Firestone, AT&T and Farmers Insurance. ....

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