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CARLSBAD, CA-Greyhawk Business Park, the first phase of the master-planned Palomar Forum, has gained financing from Chicago-based Wrightwood Capital. In the deal, Wrightwood will provide funding of $25.5 million for the construction of 14 industrial buildings. The project is being developed by Greyhawk Associates, an affiliate of Arnel Development Co. and Davis Partners LLC.Wrightwood officials say the project is located in a strong industrial section of the county. "We expect the delivery of Greyhawk to be well received in the market, considering the continued growth of the Southern California for-sale market," says Jason Choulochas, Wrightwood Capital western regional director.The project is already receiving early activity, according Andy Melzer of Grubb & Ellis|BRE Commercial, who along with Don Grant and Karen Fuller, is marketing the project. Melzer says, "30% of the project is already pre-committed for purchase."The Greyhawk project calls for one- and two-story units/buildings for sale totaling over 205,000 sf. According to Melzer the center will contain buildings ranging in size from 4,000 sf to 13,500 sf.Later projects at Palomar include Palomar Forum West. The multi-tenant business center's units will range in size from 1,000 sf to 4,000 sf. The last project, Palomar Concourse, will be a 75,000-sf, two-story, class A, multi-tenant office building to be built by SW Properties.An adjacent lot spanning 7.6 acres is being reserved for future development. "Lot 3 will be approximately 100,000 sf of buildings when it is completed, which will be the last phase of the Palomar Forum," Grant tells Globest.com.In all, Palomar Forum will be a 430,000-sf office park consisting of eight parcels spanning in size from 2.1 to 13.5 acres. The master-planned project is a collaboration between Grubb & Ellis|BRE Commercial who will handle the marketing aspects and the developer, Southern California-based Davis Partners.The 50-acre Palomar Forum is located at the northeast corner of Melrose Drive and Palomar airport and is expected to take approximately three to four years to complete.