Ground Broken for Initial Phase of Office Complex

PacTen Partners, a Glendale-based developer, broke ground last week on the 180,000-square-foot phase one of its Valencia Corporate Pointe, a 700,000-square-foot, campus-style office development in Valencia.

The $95-million project, for which PacTen is seeking tenants, is on the grounds of the Newhall Land & Farming Co.’s Gateway Commerce Center. The first phase, which includes three two-story buildings and has an estimated cost of $20 million, is scheduled for completion next summer.