The Junction at Menifee Valley
PacTen acquired the nearly 54 acre site in Menifee (at the NWC of Haun & Scott Roads) initially with the purpose of developing a mixed-use retail center and business park. Due to the high demand and quality of the site for retail users, PacTen has modified the concept to a 100% retail /commercial site. The project will entail 526,000 square feet of retail shopping and dining off the Interstate 215 near Temecula and Murrieta.
PacTen completed development of a 2-story retail complex totaling over 75,000 square feet on unique 7-acre parcel of land. The land fronts Interstate 5 in Carlsbad and is located across from the Carlsbad Premium Outlets. The California Spanish architecture showcases a collection of well-known retail brands blended with salon services and unique boutiques. A portion of the development, two restaurants, P.F. Chang’s China Bistro and BJ’s Restaurant Brewhouse opened in 2009.
Visit our project website for more information: http://www.paseocarlsbad.com/
Commerce Pointe Menifee
PacTen developed Commerce Pointe Menifee. The project marks PacTen’s first foray into one of the most rapidly growing cities in the country.
The 38 building, 657,000 square foot project is located on Interstate 215, between Keller and Scott Roads in the Temecula Valley. The freeway frontage, booming population, and strong desire for businesses by local officials made this an ideal project for PacTen.
In addition to the actual site development, PacTen constructed Zeiders road for the city. The road was completed prior to project construction.
Commerce Pointe Valencia
PacTen Partners completed development of Commerce Pointe at Valencia Gateway in May 2005. The development is a 540,000 square foot industrial project on a 26-acre site at the northwest corner of the I-5 and 126 Freeway in Valencia, California.
Commerce Pointe at Valencia Gateway consists of a total of 28 state-of-the art industrial buildings designed primarily for the owner-user. All but one of the buildings has sold to date. Typically, the buyers of the buildings are independent businesses who are moving out of the San Fernando Valley or from the Valencia Industrial Center in order to house their businesses in modern, efficient facilities that are unavailable in their present locations. Additionally, the final phase of the project showed a new type of buyer, investors exchanging into industrial properties for superior returns over residential investment properties.
Gateway Pointe Valencia
Continuing on its success in the Santa Clarita Valley, PacTen developed Gateway Pointe Valencia located on Industry Drive. The project is comprised of 19 industrial condominium units.
Phase I of Gateway Pointe consists of 10 condominium units totaling in approximately 161,000 square feet. The second phase of Gateway Pointe consists of 9 industrial condominium units totaling 137,000 square feet. There are currently 6 of the 19 units available for purchase or lease.
Valencia Corporate Point
One of PacTen Partners’ projects is Valencia Corporate Point, a low rise, campus style office development of about 180,000 square feet on a 10-acre site at the northwest corner of the I-5 and 126 Freeway in Valencia, California.
Valencia Corporate Point was a speculative office project, designed to meet a demand for cost effective office alternatives f or companies formerly located in the San Fernando Valley, Tri-Cities or West Los Angeles. Construction was completed in August 1999. The development consists of three, two story buildings of 62,400 gross square feet each, and also includes over 680 on-site surface parking spaces.
PacTen Partners’ notable success includes Glendale Plaza, a 530,000 square foot high-rise office development, located in the central business district of Glendale, California. Constructed on time and on budget, Glendale Plaza was the first speculative office project to break ground in Southern California in over ten years.
Since the grand opening of the building in April 1999, 98% occupancy has been achieved. Tenants include UNUM Provident, Great West Life Insurance, State Compensation Insurance Fund, CALPERS, REGUS Business Centers, and Hispanic Broadcasting Corp. This unparalleled leasing velocity is attributable to Glendale Plaza’s timeless design, efficient floor design, and superior identity. PacTen Partners’ foresight in equipping the building with a state of the art communication system was instrumental in giving the building a competitive design attracting quality tenants and testimonial to their ability to recognize market trends and deliver office product that responds to the demands of office users.