A two-building office campus in Santa Clarita has changed hands for $32 million, with Long Beach-based Harbor Associates selling the 157,190-square-foot Commons at Valencia to San Diego-based Strauss Investments. The nearly 9-acre property, located at 25124 and 25152 Springfield Court, includes two three-story office buildings and a two-story parking garage with 625 spaces, and it was built in 2005.
The $32 million price tag works out to roughly $204 per square foot, according to Commercial Observer. As reported by The Real Deal, the campus was 79 percent leased at the time of the sale, with tenants spanning the professional services, insurance, financial services and real estate industries. Commercial real estate finance firm Gantry, through principal Andy Bratt, arranged acquisition financing for Strauss Investments, per REBusinessOnline.
Blue-Chip Tenants Anchor the Campus
The property's roster includes some recognizable corporate names. Prominent tenants occupying space at Commons at Valencia include Wells Fargo, New York Life Insurance Co., Edward Jones, Lennar, FivePoint, HASA and Amines, the same REBusinessOnline report notes. That kind of tenant mix gives an incoming owner a relatively stable income base while it works to fill the remaining vacancies.
With the campus 79 percent leased, Strauss Investments is taking on roughly 33,000 square feet of vacant office space that it can use to drive future lease-up revenue, according to Private Real Estate Daily. That vacant space represents the upside bet built into the deal — filling it out in a submarket that's already performing well could mean meaningful rent growth down the line.
Renovations Set the Stage for a Sale
Harbor Associates didn't just sit on the property. The firm executed large-scale renovations of Commons at Valencia in 2020, and CBRE detailed that the capital improvement program included upgrading lobbies and corridors, adding new speculative tenant suites, and replacing the campus roof and HVAC systems. Those upgrades left the incoming owner with fewer near-term capital expenditures to worry about.
The Real Deal reports the sale drew significant investor interest before closing, thanks to what it described as a strong tenant roster, recent capital improvements and a strategic location within a premier Southern California suburban office market. Mark Shaffer, Anthony DeLorenzo, Sean Sullivan and Gerard Poutier represented the seller in the transaction, per the same outlet.
Freeway Access and a Resilient Submarket
Part of the property's appeal comes down to geography. The campus sits adjacent to Interstate 5, offering regional freeway access across the Santa Clarita Valley, San Fernando Valley and Ventura County, according to CBRE. That kind of connectivity has long been a draw for tenants weighing suburban office space against pricier urban alternatives.
According to CBRE Research, the Valencia submarket remains one of the top-performing office sectors in northern Los Angeles County, supported by high household incomes, ongoing residential development and a diversified employer base. The Real Deal similarly describes Valencia as one of the stronger-performing office submarkets in north Los Angeles County, citing CBRE's characterization of consistent growth in both residential and employment numbers there.
The Commons at Valencia deal also lines up with broader pricing trends across Southern California's suburban office market. The roughly $204-per-square-foot valuation closely aligns with other late-2026 regional sales, including a Brea office building that traded at $205 per square foot despite carrying nearly 30 percent vacancy, Private Real Estate Daily reported.
A Pattern for Both Buyer and Seller
This isn't Harbor Associates' only recent big swing in the region. The firm, alongside the Roxborough Group, bought the two-building Pasadena Towers complex in 2025 for $120 million — a property that had sold for $256 million back in 2016 — in what The Real Deal called Harbor Associates' largest investment to date.
Strauss Investments, meanwhile, is a firm with deep roots in Southern California commercial real estate. Founded in 1960 and headquartered in San Diego, the company manages a portfolio of 25 commercial properties totaling approximately 1.8 million square feet across California and Arizona, according to Strauss Investments. Its existing holdings include the Glenoaks Plaza office and retail complex in Burbank, the Sunset Point shopping center in Stevenson Ranch, and the Atria West Covina retirement community in Covina, per The Real Deal.
For Harbor Associates, the sale caps off a value-add strategy that began with the 2020 renovations and ended with a stabilized, well-leased campus ready for a new owner. Harbor Associates is a commercial real estate investment firm specializing in acquiring and repositioning suburban office properties throughout Southern California, according to RevenueBase — a model that appears to be paying off again in Santa Clarita.
