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Valencia Town Center is a four-building, 395,483-square-foot Class A office campus located in the heart of the affluent community of Valencia, California.
Valencia Town Center is regarded as the best-located office project in the Santa Clarita market, with seemingly endless walkable amenities, excellent highway access, and the only project in the market with structured parking. The property’s location also benefits from the on-going $900 million mixed-use mall redevelopment, which will add hundreds of thousands of square feet of net retail space and 2,200 residential units. The project is also positioned to greatly benefit from Five Point’s $12 billion, 21,500-unit master-planned Valencia community.
The property is currently 85% leased and anchored by Princess Cruise Lines, part of Carnival Cruise Lines (NYSE: CCL), occupying 75% of the Project. Princess Cruise Lines will downsize from its 300,000 square foot footprint to 150,000 square feet in March 2026. This presents a unique opportunity for an opportunistic investor to receive the project’s existing cash flow while sourcing new tenants or for an owner/user to move out of an existing space.
