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Discount tool retailer opening in Santa Clarita

Posted: September 29, 2013 2:00 a.m.
Updated: September 29, 2013 2:00 a.m.

Harbor Freight Tools has sub-leased space from the 99-cents store on Valencia Blvd. The retailer expects to open in late October. Jana Adkins/The Signal

 

Discount tool retailer Harbor Freight Tools is opening a store in Santa Clarita.


The national retailer is moving into the vacant space next to the 99-cents store on Valencia Blvd.


Harbor Freight Tools of Calabasas expects to open its latest store on Oct. 21, said Larry Eccleston, senior facility manager for retail.


The newest addition in Santa Clarita brings the number of stores in its chain to 459, he said.


The company signed a 10-year lease with three five-year options, said John Cserkuti, senior vice president with NAI Capital.


The retailer is moving into 21,306 square feet of space in a building purchased and renovated extensively by the 99-cents chain in the spring of 2012 – when it purchased building formerly occupied for years by the Do It Center, he said.


The 99-cents store opened in November of 2012, occupying roughly half of the square footage and made the other half of the building available for sub-lease.


“It’s a nice opportunity for Harbor Freight to position themselves within the core of the Santa Clarita market; and situate themselves between two of their existing stores in the Antelope and San Fernando valleys,” Cserkuti said.


Harbor Freight Tools is been a privately owned and operated family-owned business that began in 1977. The chain says it buys factory direct, cutting out the middlemen to keep prices lower.


Cserkuti also confirmed that lease for Chase Bank in The Promenade center which houses the Vons Pavillion on McBean Parkway.


That deal was two years in the making, though the bank had been looking at that intersection for the past several years, he said.


That 4,500 square foot deal, 10-year deal was signed in April but, as part of the transaction deal, Cserkuti still has to negotiate space for a drive-up ATM for Chase somewhere on the retail center’s property, he said.

 

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