Parkview Delivers $20M Construction Loan For Temecula Retail/Industrial Hybrid

Los Angeles-based Parkview Financial has placed a $20-million private loan to Temecula, CA-based W Development Partners for the construction of the first phase of French Valley Commons.

Phase one of the Retail/Industrial hybrid project will include nine buildings totaling 87,231 square feet at the northwest corner of Leon Road and Benton Road in the French Valley area of Winchester, CA, a city within the greater Temecula submarket of the Inland Empire. Plans call for six retail buildings and three flex/light industrial buildings, with three retail buildings already pre-leased to users, including O’Reilly Auto Parts, Dollar Tree and Jiffy Lube.

Gordon Mize of Lee & Associates is marketing these buildings for lease or sale. Each building is situated on a unique land parcel, which will enable the ownership the option of selling them individually once tenants are in place.

For comments, questions or concerns, please contact Chris Egger