March 4, 2020 at 4:08 pm · French Valley Marketplace · Comments Off on United Development Company Groundbreaking Signals the Coming of New Retail Stores to French Valley, CA
United Development Company Groundbreaking Signals the Coming of New Retail Stores to French Valley, CA
French Valley, CA — March 4, 2020 – United Development Company of Southlake, TX broke ground and began construction today on a new shopping center in California, French Valley Marketplace.
The new center is located in French Valley, CA (southern Riverside County), 7 miles northeast of Temecula. French Valley Marketplace sits on 22 undeveloped acres at the northeast corner of Winchester and Thompson Roads, in the affluent, high-growth area of French Valley.
French Valley Marketplace will deliver daily necessities to consumers with a variety of new retailers, which include Grocery Outlet Bargain Market, LA Fitness, McDonald’s, 7-Eleven and AutoZone scheduled to open later this year.
(Left to right) Pat Reilly, United Development Company; Chris Lee, MCG Architects; Mike Moorefield, Moorefield Construction; Chris Peto, Halferty Development Company; Jim Halferty, Halferty Development Company; Chuck Washington, Riverside County, CA Supervisor; Biff McGuire, United Development Company; David Woosley, 7-Eleven; Nick Wirick, Lee & Associates; Bryan Tiffin, LA Fitness
Supervisor Chuck Washington, Riverside County, CA was excited to talk about the new retail the project is bringing to the area.
Biff McGuire, CEO of United Development Company. McGuire said “French Valley Marketplace will deliver daily necessities to consumers with a variety of new retail.”
French Valley Marketplace is a co-development project between United Development Company and Pasadena, CA-based Halferty Development Company. Here, Jim Halferty, President and CEO of Halferty Development Company, discusses details of French Valley Marketplace.
Chris Peto, COO of Halferty Development Company.
Property features include:
- Major frontage along Winchester and Thompson Roads
- +/- 132,500 square feet of leasable square footage in 16 buildings
- 44,300 square feet of shop space available
- 4 drive thru pads for ground lease or build to suit
- 5,000 square feet between grocery store and pharmacy
French Valley Marketplace is a co-development project between United Development Company and Halferty Development Company of Pasadena, CA. Romspen, a leading Canadian non-bank mortgage lender specializing in providing commercial and industrial real estate mortgages, provided the loan, which was sourced by Metropolitan Capital Advisors of Dallas.
Nick Wirick and Miranda Fifield of Lee & Associates Commercial Real Estate Services of Riverside, CA are leasing brokers for French Valley Marketplace. Contact: 951.276-3600 – www.leeriverside.com
United Development Company currently owns and manages more than $400 million of real estate investments. Utilizing its wealth of both capital and real estate expertise, United Development is aggressively pursuing retail and self-storage real estate investments in the United States. www.UDCGlobal.com
Halferty Development Company was founded in 1980 and has developed over 5,000,000 square feet of retail shopping centers for tenants such as Whole Foods, Rite Aid, Albertsons, McDonald’s, Chipotle, Starbucks in addition to developing 650,000 square feet of office space. Halferty Development Company specializes in entitlements, construction, leasing and sales of this asset class. www.halferty.com
For Media Information – Interviews:
Biff McGuire, C.E.O.,
United Development Company