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MOORPARK, CA-Ventura County veteran developer Grand Moorpark LLC has announced plans to build a $12 million medical and office complex here. Construction is scheduled to begin in September, with completion slated for the end of the second quarter 2003.

The Grand Moorpark development is to be built on four acres at 650 West Los Angeles Ave. in Moorpark. The project will feature a 48,000-sf, two-story medical and office building, complemented by two separate sites of approximately 3,800 sf each earmarked for build to suits, restaurants, banks, medical or financial institution use.

Grand Moorpark will be distinguished by Spanish Mediterranean architecture, and wood, steel and stucco construction. The developer is handling design and construction in house.

As residents of suburban communities with burgeoning housing development seek to neutralize lengthy commutes to work, a trend of establishing workplaces closer to home is increasingly becoming the primary antidote, according to Westcord Commercial Real Estate Services.

The project in Moorpark, Calif., is the first development of its kind to ever be built in that community, according to project officials. Moorpark has witnessed a dramatic increase in new home construction, with up to 3000 units planned for the next five years. While there has been substantial retail space built, there has been no office and medical space built to serve Moorpark, according to Grand Moorpark.

According to the city’s quarterly status report for March 2002, currently in Moorpark, Calif., the following projects are underway: a 72,135-sf commercial center on a 6.27-acre lot. A 357,600-sf commercial center on a 29-acre plot has been approved, but is not yet under construction. A 72,000-sf business park on 3.7 acres is under construction. Eight industrial buildings measuring a total of 495,000 sf on 33 acres is in progress.

There are also three communications antennas in progress and a cellular communications facility of 342 sf on 7.21 acres of land also in progress. A mini warehouse and self storage facility that measures 113,994 sf and sites on a 2.6-acre lot is also in progress, according to the city’s quarterly status report.

Zilberstein and Bruce Hamous of Westcord Commercial Real Estate Services are exclusive marketing agents for the Grand Moorpark development.

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