NEWS RELEASE

FOR IMMEDIATE RELEASE

Contact: Calvano Development

(415) 922-0449

www.calvano.com

Build-To-Suit, Professional Medical Office Planned –

CALVANO DEVELOPMENT to Develop 76,000-Square-Foot Medical Office or Corporate Headquarters Project in Inland Empire’s Newly incorporated City of Menifee, Calif.

San Francisco, Calif. (prweb.com) - Today Calvano Development, a real estate development and property management firm base in San Francisco, Calif., announced plans for a 3-story, Medical Office or Corporate Headquarters building in Menifee, CA.

Calvano Professional Office - will be built in the newly incorporated City of Menifee, CA, along the I-215 corridor - in the heart of the Inland Empire.

The building will be minutes from Menifee Valley Medical Center and served by public transit. The 3-story structure will be highly visible by the 94,000 cars per day traveling along the I-215 Interstate.

“The project will be, state-of-the-art, we believe there is a need and a market for a larger user who desire an esthetically compelling building and we intend to fill those needs,” said Marisa Bentley, broker-representing Calvano. “When completed, the building will be encased in high-performance solar-blue - spandrel glass, it will be the newest and most attractive class-A office medical building in Menifee.” Bentley added.

"We are talking with a couple of office and medical users now,'' Bentley said, declining to give specific names.

We believe the building is viable for corporate headquartered users; doctors and healthcare providers who would make the new office center a home base. Bentley also noted that the project is perfectly positioned in the heart of a medical services hub, making it ideal for a wide range of medical users and care providers.

“Everyone knows there is a lot of space available in the Inland Empire, but what most don’t know is that there is very little space that can handle a single 76,000 square foot Medical or Office user all under one roof,” Calvano said. This is will be a “Build-To-Suit” opportunity offering exactly what the tenant desires, whether it becomes a corporate headquarters site or medical office, it will be tailor made for the specific needs of the tenant, Calvano added.

The Inland Empire is projected to be among the nations fastest growing areas. Significant future employment growth is forecasted in health care, social services, hospitality, manufacturing, professional and business services, and government. An educated and competitive labor force and a fair weather climate are other factors leading to such longer-range optimistic forecasts.

When combined with the market’s competitive wage advantages — a large, well-educated, labor pool willing to work for wages 10 to 20 percent lower than other job markets closer to the coast, the Inland Empire offers forward-looking companies reduced occupancy and labor costs that positively impact long-term corporate profitability.

“The City of Menifee has been extremely cooperative in paving the way for this development, which will meet demand for newer, more state-of-the-art medical office facilities and its growing senior citizen population.” Calvano Said.

Calvano Development is a privately held commercial real estate firm with 25 years experience specializing in office, retail and industrial business parks in California. The company partners with city planners and other government officials to enhance the quality of life in local communities. Calvano’s real estate expertise includes land acquisitions and development, asset and investment management, entitlement, property management and construction management.

For more information, visit www.calvano.com or call (415) 922- 0449

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