Vallarta Supermarkets will relocate its headquarters later this year to the Santa Clarita Valley.
The Sylmar-based grocery chain will move into a three-building campus at 28470-28490 Avenue Stanford in Santa Clarita, according to a blog post from the Santa Clarita Valley Economic Development Corp.
The three buildings that Vallarta bought making up the Valencia Corporate Plaza encompass 195,387 square feet of office space.
This campus is bordered by Advanced Bionics, filter manufacturer Donaldson Co. Inc., Southern California Edison, and several other small businesses and manufacturers in the Valencia Industrial Center.
With the move, Vallarta will add about 220 jobs to the Santa Clarita Valley economy. These jobs are expected to generate about $100 million in annual economic output, including $750,000 in annual tax revenue for the city and county, according to the EDC.
Holly Schroeder, the chief executive of the EDC, said it was pleased to welcome Vallarta to the local business community.
“Vallarta Supermarkets joins other leading companies whose headquarters are based in the Santa Clarita Valley, including Sunkist, Princess Cruises, and Logix Federal Credit Union,” Schroeder said.
Vallarta Supermarkets has more than 50 locations throughout California, two of which are in the Santa Clarita Valley, making it one of the largest Latino-owned supermarket chains in the state.
Andrew Lewis, vice president of marketing for Vallarta Supermarkets, said the area is a prime location for Vallarta to execute its growth plans.
“The business-friendly nature of the community will contribute to our continued success,” Lewis said in a statement.
The property transaction was arranged by Cesar Gonzales of Equity Union Commercial, representing Vallarta Supermarkets, with Craig Peters and Richard Ramirez of CBRE Group Inc. representing the seller, an entity linked to True North Real Estate Fund III, a fund managed by True North Management Group. Vallarta reportedly paid $48 million for the property.