SCV’s The Madison sold to Chinese developer

By | 2018-01-30T11:59:25+00:00 January 30th, 2018|

The Madison at Town Center, a 130-unit apartment community near Valencia Town Center, has changed ownership in a $45.9-million deal, Multi-Housing News reported Tuesday.

The 15-year-old property at McBean and Magic Mountain parkways was acquired by Gemdale USA, a subsidiary of Gemdale Corp., one of China’s largest real estate developers, from Los Angeles-based Decron Properties.

The Madison includes three buildings, pool, fitness center and clubhouse, according to MHN.

About the Author:

Leave A Comment