Key Takeaways
- • Clarion Partners Real Estate Income Fund (NASDAQ: CPREX) acquired Pacific Golden Valley, a 172,483 square foot Class-A industrial facility in Santa Clarita, CA, newly constructed in 2025 and 100% leased by DrinkPAK.
- • The acquisition expands Clarion's northern Los Angeles County industrial portfolio to 12 fully stabilized buildings totaling approximately 1.7 million square feet, strengthening its presence in one of the region's most supply-constrained industrial corridors.
- • The property functions as a storage and distribution hub for DrinkPAK, a major North American contract beverage manufacturer, located approximately 5 miles from DrinkPAK's primary production facility at The Center at Needham Ranch (also owned by a Clarion fund), creating operational synergy and built-in tenant stability.
- • The location provides strategic logistics advantages with direct access to SR-14 and I-5, proximity to the Ports of Los Angeles and Long Beach, and nearby airports (Hollywood Burbank and LAX), positioning the asset for resilient long-term demand in the Los Angeles industrial market.
- • Cushman & Wakefield's Industrial Advisory Group brokered the transaction, with the deal representing a core industrial investment aligned with Clarion Partners' regional expertise and long-term tenant relationships.
Summary
Clarion Partners, the specialist investment manager for Franklin Templeton, has acquired Pacific Golden Valley, a newly constructed 172,483 square foot Class-A industrial property in Santa Clarita, California. The facility is fully leased to DrinkPAK, a leading North American contract beverage manufacturer, and serves dual operational purposes as both raw material storage and finished goods warehouse for beverage products.
The transaction bolsters Clarion's existing industrial footprint in northern Los Angeles County, expanding the fund's stabilized portfolio to 12 buildings representing approximately 1.7 million square feet of total gross leasable area. The strategic value of this acquisition is reinforced by its proximity to DrinkPAK's primary production facility at The Center at Needham Ranch, also owned by a Clarion fund and located approximately 5 miles away. This configuration creates an integrated supply chain relationship that mitigates tenant turnover risk and aligns capital deployment with operational tenant requirements.
Pacific Golden Valley's location in Santa Clarita provides significant logistics advantages in one of Los Angeles County's most supply-constrained industrial markets. The property offers direct connectivity to major transportation corridors including SR-14 and I-5, with efficient access to the Ports of Los Angeles and Long Beach as well as regional airports including Hollywood Burbank and LAX. These transportation links serve the broader San Fernando and San Gabriel Valley markets, positioning the asset to capture demand from regional distribution networks and port-dependent supply chains.
Janis Mandarino, Managing Director and Portfolio Manager at Clarion Partners, characterized the acquisition as leveraging the firm's deep local market expertise to secure a newly constructed core asset in a supply-constrained corridor while simultaneously deepening the institutional relationship with an operationally stable, investment-grade tenant. Cushman & Wakefield's Industrial Advisory Group, including brokers Jeff Chiate, Rick Ellison, Matt Leupold, and Aubrie Monahan, facilitated the transaction.
The transaction bolsters Clarion's existing industrial footprint in northern Los Angeles County, expanding the fund's stabilized portfolio to 12 buildings representing approximately 1.7 million square feet of total gross leasable area. The strategic value of this acquisition is reinforced by its proximity to DrinkPAK's primary production facility at The Center at Needham Ranch, also owned by a Clarion fund and located approximately 5 miles away. This configuration creates an integrated supply chain relationship that mitigates tenant turnover risk and aligns capital deployment with operational tenant requirements.
Pacific Golden Valley's location in Santa Clarita provides significant logistics advantages in one of Los Angeles County's most supply-constrained industrial markets. The property offers direct connectivity to major transportation corridors including SR-14 and I-5, with efficient access to the Ports of Los Angeles and Long Beach as well as regional airports including Hollywood Burbank and LAX. These transportation links serve the broader San Fernando and San Gabriel Valley markets, positioning the asset to capture demand from regional distribution networks and port-dependent supply chains.
Janis Mandarino, Managing Director and Portfolio Manager at Clarion Partners, characterized the acquisition as leveraging the firm's deep local market expertise to secure a newly constructed core asset in a supply-constrained corridor while simultaneously deepening the institutional relationship with an operationally stable, investment-grade tenant. Cushman & Wakefield's Industrial Advisory Group, including brokers Jeff Chiate, Rick Ellison, Matt Leupold, and Aubrie Monahan, facilitated the transaction.
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