120,000 SF Office, Retail Projects Near Completion

CALABASAS, CA-Developers are nearing completion on a 51,654-sf office building here and a 68,000-sf retail center in Moorpark, CA in two separate projects, according to CB Richard Ellis, which is marketing both developments. The office project is the final phase of Lincoln Property Co.’s 375,000-sf Corporate Center Calabasas; the retail project in Moorpark is called Tuscany Square.

Corporate Center Calabasas is an eight-building, 16.2-acre project where Lincoln Property is developing the three-story, 51,654-sf final phase at a 2.2-acre infill site on Agoura Road near the intersection of Las Virgenes Road and Ventura (101) Freeway. The new building is scheduled for completion in October.

The Corporate Center buildings are designed for multi-tenant use and are being marketed by the CBRE team of Michael Slater, Tom Dwyer, and Jennifer Rice. Designed by Neal Scribner Architecture of Thousand Oaks, CA, the new building is being constructed by the Thousand Oaks office of project general contractor Oltmans Construction Co. of Whittier, CA.

The Tuscany Square retail project is a lifestyle shopping center that is under way at the southwest corner of New Los Angeles and Moorpark avenues. The center, which broke ground in 2007and plans its grand opening in November, will feature a Fresh and Easy Market and a Walgreens drugstore as anchors. CBRE notes that Fresh and Easy recently opened a market in Simi Valley and is looking at sites in Ventura and Oxnard.

Other Tuscany Square tenants include Netherlands-based Rabobank , several restaurants and, Max Bene, an 8,000-sf European salon and day spa. The space at Tuscany Square is being marketed by CBRE retail broker David Rush.