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SOUTHERN CALIFORNIA NEWS
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Roll Real Estate Starts Work on Master-Planned Biz Park in Bakersfield

10/02/14

Roll Real Estate Development LLC has broken ground on CrossRoads Business Park, a master-planned business park that will offer build-to-suit or speculative office, retail, medical and light-industrial facilities. The buildings will be offered for lease or sale and will be situated on land parcels ranging from 1.5 -16 acres.

CrossRoads is located in Southwest Bakersfield on Young St, in between Harris Rd and Panama Lane. It has direct access to Hwy 99, I-5, Gosford Rd and District Blvd, and offers future tenants’ prime visibility and superb access to a diverse base of consumers.

Initial plans call for the project to be developed in multiple phases with retail spaces from 3.5k sf to 7.8k sf, office buildings from 4.5k sf to 21k sf, and single- and multi-tenant industrial spaces from 8.8k sf to 117.6k sf. In addition, alternate plans under a build-to-suit scenario would permit development of buildings larger than 100k sf.

“This is a uniquely diverse project because it will be the only park in the Southwest area to offer industrial product,” said Wayne Kress, Principal at Pacific Commercial Realty Advisors. “As a continuation of a very successful string of developments, it will not only bring availability to the area, but it will cater to business needs of local and national companies.”

CrossRoads Business Park is bordered to the north by a large retail and services park that includes companies such as Walmart, Cintas, Farmers Insurance, GE Oil & Gas, Chase bank, Buffalo Wild Wings, Starbucks and more. The park is surrounded by new housing communities including Silver Creek, Park Avenue and Bridle Creek.

International architectural design firm Ware Malcomb has master-planned the site in conjunction with Ridge Landscape Architects, a commercial design and planning firm based in Irvine. The project will be marketed by Pacific Commercial Realty Advisors, a division of Cushman & Wakefield, based in Bakersfield.

This is the third park in the greater Bakersfield area that Roll Real Estate Development is actively developing, including Paramount Logistics Park, a 1,625-acre industrial project that is home to Target, American Tire Distributors, Ross Dress for Less. Roll Real Estate Development LLC is the commercial real estate development division of Roll Global.





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