A 6.56 acre parcel located near Monterey Avenue on Dinah Shore Drive with seven free standing office buildings totaling 91,454 square feet.
Acquisition Date:
July 8, 2005
Project Lender:
Pacific Western Bank
Estimated Project Value:
$27,000,000
Project Team:
Property Owner: Monterey Gateway Partners, LLC Project Developer: Pacific Pointe Partners, Inc. Project Contractor: Fullmer Construction Project Architect: Ware Malcomb
Project Strategy /
Business Plan:
Monterey Gateway Partners, LLC has acquired and broken ground on vacant land within the Master Planned Gateway Business Park to develop a Class-A office campus with buildings and condominium units for Lease or Sale. The Members intend to Sell buildings F and G and Lease buildings A, B, C, D and E. By taking advantage of the location of the project and the strong office market in Palm Desert, Monterey Gateway Partners can maximize the value of the investment and provide superior returns to its investors. The added benefit of experience with the market and a positive track record with city and county officials provides a strong platform for success.
Copyright 2004, Pacific Pointe Partners, Inc., All Rights Reserved.
