Franklin Templeton and Clarion Partners Real Estate Income Fund Inc. have acquired Pacific Golden Valley, a 172,483-square-foot Class-A industrial building located at 26313 Golden Valley Rd. in Santa Clarita and 100% leased by contract beverage manufacturer DrinkPAK. Deal terms were not disclosed. The property joins Clarion’s existing northern Los Angeles County portfolio of 11 fully stabilized buildings totaling approximately 1.7 million square feet.

Developed in 2025 by Pacific Industrial, the Pacific Golden Valley facility serves as storage for both raw materials and finished beverage products. DrinkPAK’s primary production facility at The Center at Needham Ranch is also owned by a Clarion fund and located approximately five miles away.

“This transaction represents an exciting opportunity to acquire a newly constructed, Class A core investment in one of Los Angeles County’s most supply-constrained industrial corridors, while leveraging Clarion’s deep local market expertise,” said Janis Mandarino, Clarion Partners managing director and portfolio manager.

Cushman & Wakefield’s Industrial Advisory Group, including Jeff Chiate, Rick Ellison, Matt Leupold and Aubrie Monahan, brokered the transaction.

Nominate Commercial Real Estate’s Leading Investment Sales and Leasing Brokers — For the ninth year in a row, Connect CRE will spotlight the industry’s top brokers based on the past year’s achievements. Click here to submit your nominations.

Don’t Miss Carter Andrus, Chief Operating Officer of Prologis, as the keynote interview at Connect Industrial Midwest.— taking place Tuesday afternoon, March 10, 2026, at Joe’s Live in Rosemont, IL.