Parker Targets April Debut of Summit Oaks

VALENCIA, CA-Parker Properties of Aliso Viejo has targeted an April completion date for the Orange County-based developer’s 144,000-sf Summit Oaks office project, which Parker describes as the first LEED-certified office development in the submarket. Parker is designing the five-story class A project, which is under way on a development site at 28515 Westinghouse Place, for a Silver LEED rating.

Construction is about 50% completed at Summit Oaks, a $25 million project that will be visible from Interstate 5, notes Kevin McKenzie, president of Parker Properties. The office development is designed to accommodate tenants ranging from small companies to mid-sized and large businesses.

The Summit Oaks site is at the entrance to Valencia Gateway, a master-planned development for business, technology and industry that comprises more than 5,000 acres, 23 million sf, 1,430 companies and 45,000 employees. The Parker Properties development site for Summit Oaks is also at the entry of Newhall Ranch, a master-planned community development project that will ultimately include 21,000 homes.