North Palisade Partners Secures $71.25 Million Loan From ACORE Capital For Santee Development Project

The development site located at 10990 North Woodside Avenue in Santee, CA encompasses 13.4 acres. It is intended for the Palisade Santee Commerce Center, featuring two industrial buildings with a total of 290,618 square feet. The project is currently under acquisition and construction financing of $71,250,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $71,250,000
• Address: 10990 North Woodside Avenue
• Market: Santee, CA
• Asset Size: 13.4 acres
• Lender: Dimitar Goulev - ACORE Capital
• Landlord: Joe Mishurda - North Palisade Partners
• Brokers: Rob Rubano, Brian Share & Joe Lieske - Cushman & Wakefield
• Loan Type: Acquisition & Construction

Key individuals involved in the transaction include Dimitar Goulev representing ACORE Capital, who provided the financing for the project. Joe Mishurda is representing North Palisade Partners as the landlord. The brokerage firm Cushman & Wakefield contributed to the deal with Rob Rubano, Brian Share, and Joe Lieske as brokers. The completion of the project is anticipated in late 2027.