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The Real Deal Los Angeles

Kimco sells Canyon Square Plaza

The Santa Clarita property traded for $23M
By Natalie Hoberman | October 10, 2017 02:00PM

Canyon Square Plaza (Cushman & Wakefield)

Canyon Square Plaza, a shopping center spanning nearly 97,000 square feet on the corner of Soledad Canyon Road and Sierra Highway, sold to a private investor for $22.5 million, The Real Deal has learned.

The seller of the property at 18507-18523 Soledad Canyon Road was New York-based real estate investment trust Kimco Realty. Kimco purchased the site in April 2013 for $18.5 million, property records show.

Tenants at the plaza in the Santa Clarita Valley include a 40,700-square-foot Vallarta Supermarkets, Flame Broiler, Paul’s Paint and Hardware and 26 others, according to the broker’s release. A parking lot on the property’s 14 acres has space for 343 vehicles.

Dixie Walker and Charley Simpson of Cushman & Wakefield represented the seller.

Kimco Realty, a publicly-traded company, owns 510 properties comprising 84 million square feet across the nation, according to its website. It also owns 13 other shopping centers in the county, including plazas in Northridge, Torrance, Valencia, Covina and Long Beach.