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Parallel Capital Partners Renews Offices of LA County Department of Children & Family Services

Lease renewal includes 36,087 square feet of office space in the Valencia Corporate Plaza in Santa Clarita

PRLog - June 26, 2012 - SANTA CLARITA, Calif. -- Parallel Capital Partners, Inc. has announced that the County of Los Angeles has renewed its lease for 36,087 square feet of office space in the Valencia Corporate Plaza in Santa Clarita, California, 91355. The space is occupied by the County’s Department of Children & Family Services (DCFS). The new lease term is for 60 months and includes office space in two of the three buildings in the Plaza project, 28470 and 28490 Avenue Stanford.

Valencia Corporate Plaza consists of three three-story Class "A" office buildings situated on an expansive 13.8-acre site. The buildings feature dramatic two-story entry lobbies and various on-site amenities including a café and gym and nearly 850 parking spaces. The property boasts outstanding regional access through close proximity to Interstate 5 and the Los Angeles basin.

The Department of Children & Family Services works with public, private and community partners in the Los Angeles region to provide quality child welfare services and support so children grow up safe, healthy, and educated within permanent families.

The County of Los Angeles represented itself in the transaction and Parallel Capital Partners, Inc. represented itself.

Parallel Capital Partners, Inc. (parallelcapitalpartners.com) is a real estate investment and operating firm that focuses on office, industrial and retail property acquisition in markets in the western U.S. and Hawaii. The company identifies opportunities where assets are undervalued and uses restructuring, improvement and superior leasing and management to turn value-added opportunities into core properties.

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Source:Parallel Capital Partners
Location:Santa Clarita - California - United States
Industry:Real Estate, Property
Tags:Parallel Capital Partners, Los Angeles County DCFS, Valencia Corporate Plaza
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