Rocklin, Calif., September 27, 2025
News Summary
JLL Capital Markets arranged a three-year, $27 million construction loan through U.S. Bank on behalf of Blue Coast Capital to fund the Whitney Ranch Retail Center in Rocklin, Calif. The to-be-built, 52,200-square-foot neighborhood center will feature about 35,000 square feet of inline and standalone retail plus five ground-leased pad sites. The development is roughly 60 percent preleased and will be shadow-anchored by a large regional supermarket, boosting its draw for other tenants. With financing in place, the project will move into construction and early lease-up over the coming years.
JLL Arranges $27M Construction Loan for Whitney Ranch Retail Center in Rocklin
What happened: A three-year, $27 million construction loan has been arranged for the new Whitney Ranch Retail Center in Rocklin, Calif. The loan was secured through U.S. Bank and arranged by JLL Capital Markets on behalf of Blue Coast Capital. The project is a to-be-built, 52,200-square-foot neighborhood retail center within the master-planned Whitney Ranch community and is slated for completion in 2026.
Key project details
The center will include roughly 35,000 square feet of inline and standalone retail and five ground-leased pad sites totaling 17,200 square feet. The development will be shadow-anchored by an upscale regional supermarket chain, which one report lists as a 43,000-square-foot grocer. Leasing activity shows the site is currently reported as about 60 percent preleased to a mix of local, regional and national tenants. The project sits inside the Whitney Ranch community, roughly 22 miles northeast of Sacramento in one version of the record.
Why it matters
The new retail center represents a significant neighborhood retail investment in a growing master-planned community. The construction loan provides the capital needed to move from planning to building, and the presence of a shadow anchor supermarket improves the center’s draw for other retailers and food-service operators. A three-year term is intended to cover construction and early lease-up stages before longer-term financing or ownership options are put in place.
What else is happening in regional commercial real estate
Industry groups and event organizers are scheduling a range of networking and educational programs covering retail, industrial, office and multifamily sectors. Topics on the agenda include investment and financing trends, net-lease and sale-leaseback markets, multifamily and seniors housing strategies, healthcare real estate and development trends in fast-growing regional markets. Events aim to bring decision-makers, capital sources and local operators together to discuss market performance, capital availability and development obstacles. Many events also include time for informal networking with food and drinks.
Local pandemic developments and loan controversies
Separately, recent weeks have seen controversy over some recipients of federal pandemic relief loans. One large local congregation drew attention after continuing indoor and outdoor services and then appearing in federal Paycheck Protection Program, or PPP, data as a recipient in the range of $350,000 to $1 million, with an award date listed in early April. The PPP program was created under the federal CARES Act and provided loans that can be forgivable if used mainly to retain employees. The congregation’s PPP entry showed a payroll support request for 140 employees in the application data.
Other regional houses of worship also show up in PPP ranges: one large religious organization is listed in the $1 million to $2 million band to retain 228 jobs, and another multi-site group is listed in the $2 million to $5 million band to retain 375 jobs. These disclosures sparked debate about fairness, access and program design because some small local businesses reported difficulty obtaining funds even after applying early. The PPP program has reopened periodically and extended its application window, and the public release of recipient ranges heightened scrutiny of who received funds and why.
Public health and legal context
State public health orders have required temporary suspension or limitation of many indoor activities, including some worship services, during pandemic surges. Local and state officials continue to layer public health guidance, and federal CDC guidance urges places of worship to follow state and local regulations as they manage services and safety measures. Legal challenges over limits on gatherings and religious activities have been filed in various places; so far courts have frequently upheld emergency public health powers as permissible during the crisis.
Broader economic note
In other economic news that can affect real estate markets, the third quarter saw a surge of interest in electric vehicles as consumers sought purchases before a federal tax credit deadline. Shifts like this can ripple through industrial and retail real estate demand curves, including automotive retail, charging infrastructure and supply-chain facilities.
Where this leaves the Whitney Ranch project
With financing in place, the Whitney Ranch Retail Center can move into construction, follow its planned delivery schedule and continue leasing activity. The combination of a major supermarket presence and a mix of inline retail and pad sites positions the center to serve both daily needs and neighborhood services once it opens. Developers, lenders and local officials will continue to watch leasing velocity and broader economic signals as construction proceeds toward the expected 2026 completion.
FAQ
What is the size and scope of the Whitney Ranch Retail Center?
The center is planned at about 52,200 square feet, consisting of roughly 35,000 square feet of inline and standalone retail plus five ground-leased pad sites totaling about 17,200 square feet.
Who arranged the construction loan and who is the lender?
JLL Capital Markets arranged the three-year, $27 million construction loan on behalf of Blue Coast Capital. U.S. Bank provided the loan.
When is the center expected to be completed?
Target completion is 2026.
Is the center already leased?
Reports indicate the center is about 60 percent preleased to a mix of local, regional and national tenants. A large supermarket will shadow-anchor the development.
What controversy has arisen related to local pandemic relief loans?
Publicly released PPP recipient ranges show some religious organizations received loans in amounts that prompted debate over fairness and access. The PPP program offered low-rate, potentially forgivable loans aimed at keeping payrolls intact during the pandemic shutdowns.
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Key features at a glance
| Feature | Detail |
|---|---|
| Project | Whitney Ranch Retail Center |
| Size | 52,200 square feet total |
| Retail mix | ~35,000 SF inline/standalone + 5 pad sites (17,200 SF) |
| Anchor | Upscale supermarket shadow anchor (reported 43,000 SF in one version) |
| Financing | $27 million construction loan, three-year term, U.S. Bank lender |
| Developer/Representative | Blue Coast Capital represented by JLL Capital Markets |
| Location | Whitney Ranch community, Rocklin, Calif. (about 22 miles NE of Sacramento in one report) |
| Completion | Expected 2026 |
Deeper Dive: News & Info About This Topic
Additional Resources
- ReBusiness Online: JLL Secures $27M Construction Loan for Whitney Ranch Retail Center
- Wikipedia: Whitney Ranch / Rocklin, California (search)
- ReBusiness Online: Centersquare Acquires North Bear Crossing Retail Property in Lakewood, CO
- Google Search: North Bear Crossing Lakewood Colorado retail
- The Sacramento Bee: Health & Medicine (regional public health/legal story)
- Encyclopedia Britannica: California churches COVID-19 public health orders (search)
- Automotive News: California Car Dealership Pay Plan Breaks Down Sales/Fi Silos
- Google Scholar: automotive dealership compensation plan sales finance
- Business Insider: California Church Defying Shutdown Orders Got $350,000 PPP Loan
- Google News: PPP loan churches California controversy
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