$27M construction loan secured for retail development in Rocklin, California

SAN FRANCISCO, Sept. 25, 2025 – JLL Capital Markets announced today that it has arranged a $27 million construction loan for a to-be-built, 52,200-square-foot neighborhood retail center in the Whitney Ranch community located in Rocklin, California. Rocklin was recognized as one of the Top 50 Best Places to Live in the United States by Money Magazine.

JLL worked on behalf of the borrower, 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, as well as five ground leased pad sites totaling 17,200 square feet, to accommodate a highly desirable tenant base of national and local users. Further, the property will be shadow anchored by a 43,000-square-foot Nugget Markets, an upscale supermarket chain with 16 locations across Northern California. Nugget Markets is an award-winning grocer regularly recognized by local, regional and national publications as one of the best grocers and places to work. These awards include 100 Best Companies to Work For by Fortune Magazine and Best Independent Grocer by Progressive Grocer.

The development is experiencing strong leasing momentum to date and is currently in lease or LOI negotiation with multiple local, regional and national tenants for all the ground lease pads, more than 60% of the NRA of the shop space, with strong interest to fill the remaining vacancy.

The Whitney Ranch Retail Center is located at the SW corner of Whitney Ranch Parkway and University Avenue intersection in Rocklin, California, approximately 22 miles northeast of Sacramento. The development will benefit from its location surrounded by exceptional demographics and significant population growth within the Whitney Ranch Community. The Whitney Ranch community is a family-friendly neighborhood with top-rated schools and resort-style amenities. Since 2010, the population within a one-mile radius of the project has grown by 145%. This new demographic is highly affluent with average household incomes of $200,000 and average home values of $900,000 within the Whitney Ranch community.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

Blue Coast Capital manages a diverse portfolio of private and public assets from its London headquarters, with additional offices across Europe and the United States. The company's strategic approach balances opportunities and exposures across three key dimensions: geographical location, property type, and risk profile. With a half-century of experience, Blue Coast Capital remains privately owned, allowing it the financial flexibility to capitalize on unique opportunities and respond to long-term market trends. The firm's expertise encompasses commercial real estate acquisitions and developments. Blue Coast operates both independently and through strategic joint venture partnerships, leveraging its extensive industry knowledge to deliver value across various real estate sectors.