JLL Capital Markets arranged a $27-million construction loan for a 52,200-square-foot neighborhood retail center in the Whitney Ranch community located in Rocklin. JLL worked on behalf of Blue Coast Capital to secure the three-year construction loan with U.S. Bank.
Due for completion in 2026, the Whitney Ranch Retail Center will include 35,000 square feet of in-line and standalone retail, along with five ground-leased pad sites totaling 17,200 square feet, to accommodate a tenant base of national and local users. Additionally, the property will be shadow-anchored by a 43,000-square-foot Nugget Markets, an upscale supermarket chain with 16 locations across Northern California.
The development is experiencing strong leasing momentum to date and is currently in lease or LOI negotiation with multiple local, regional and national tenants, according to JLL. The Whitney Ranch Retail Center is located at the southwest corner of Whitney Ranch Parkway and University Avenue intersection in Rocklin, approximately 22 miles northeast of Sacramento.
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