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Princess Cruises renews lease on Valencia headquarters

Posted: August 16, 2011 1:55 a.m.
Updated: August 16, 2011 1:57 a.m.

Princess Cruises headquarters in Valencia is shown.

 

Princess Cruises announced Monday that it renewed the lease on its Santa Clarita headquarters, committing to remain in the area at the Westfield Valencia Town Center for the next 15 years.

The new lease agreement covers 270,000 square feet of space in four buildings.

“We’re pleased to have worked out a long-term lease with our landlord, Invesco Real Estate, and we’re thankful to the city of Santa Clarita for their support and commitment to a business-friendly environment, which was an important factor in our decision to remain based here,” said Alan Buckelew, president and chief executive officer of Princess Cruises.

Princess Cruises first opened a customer service center in Santa Clarita in 1998 but later made the decision to move its company from Century City, where the headquarters had previously long been based.

One of the largest private employers in the Santa Clarita Valley, Princess Cruises employs around 2,000 employees supporting 1.3 million cruise passengers on 16 ships annually.

Princess Cruises also handled the marketing, and sales handles North America for Cunard Line, its sister company.

“One of the key reasons we located to Santa Clarita in the first place was the quality of life for our employees and we’re happy this will continue,” Buckelew said.

The decision to remain in the SCV was also based on providing ongoing stability for the cruise company’s employees, he said.

“It will be welcome news to the retail tenants of the Town Center who will benefit from the customer base our employees provide for years to come.”

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