3650 REIT Funds Major Real Estate Developments in Southern California

3650 REIT has provided $145 million in loans to support two major development projects in Southern California. Chestnut Properties received $91 million for the construction of Gillespie Field iPark, a 400,000-square-foot industrial facility in San Diego County. Wood Investments Companies secured $54 million for The Ranch at Model Colony, a 200,000-square-foot retail development in Ontario. Gillespie Field iPark will accommodate various industries, while The Ranch at Model Colony has already secured pre-lease agreements with prominent tenants.