Hispanic supermarket chain Vallarta Supermarkets will move its corporate headquarters to a three-building campus located in the Santa Clarita Valley (SCV), north of Los Angeles, by the end of 2023, the Santa Clarita Valley Economic Development Corporation (SCVEDC) announced.
The three buildings on Avenue Stanford in Santa Clarita that comprise the “Valencia Corporate Plaza” total 195,387 square feet of office space.
According to the San Fernando Business Journal, the purchase of the buildings took place last January for $48.9 million.
This campus borders Advanced Bionics (HQ), Donaldson, Southern California Edison, and several other small businesses and manufacturers in the Valencia Industrial Center.
Vallarta’s current headquarters is located in Sylmar, in the area known as the Golden Triangle, where they have operated since 2008 in 89,693 square feet of space.
When they move into the new corporate headquarters, Vallarta will add approximately 220 jobs to the Santa Clarita Valley economy, reported the Santa Clarita Valley Economic Development Corporation.
These jobs are expected to generate approximately $100 million annually in economic output, including $750,000 annually in local (city and county) tax revenue.
“We are pleased to welcome Vallarta to the SCV business community. Vallarta Supermarkets joins other leading companies whose headquarters are based in the SCV, including Sunkist, Princess Cruises, and Logix Federal Credit Union,” said Holly Schroeder, President & CEO of SCVEDC.
Vallarta Supermarkets, founded in 1985, has 52 stores throughout California, two of them in the Santa Clarita Valley, making it one of the largest Latino-owned supermarket chains in the state.
“The Santa Clarita Valley is a prime location for Vallarta to execute its growth plans. The business-friendly nature of the community will contribute to our continued success,” said Andrew Lewis, Vice President of Marketing for Vallarta Supermarkets.
The property transaction was arranged by Cesar Gonzales of Equity Union Commercial, representing Vallarta Supermarkets, with Craig Peters and Richard Ramirez of CBRE, representing the seller.