Wheelock Street Capital today announced the acquisition of the 132-acre Stonehill Estates property in western Riverside County, CA from Industrial Developments International.
Stonehill Estates is approved for 425 single-family detached homes and is located east of the intersection of Cantu-Galleano Ranch Road and Instersate-15 in the newly incorporated City of Jurupa Valley. Situated within the highly desirable Eastvale/Jurupa Valley Area of Riverside County, the project is well positioned to benefit from the strongly rebounding Inland Empire housing market and will offer future residents large, 7,200 square-foot lots and a 5-acre community park. The project will be managed by California land veteran Steve Thurtle. The seller was advised by Tom Dallape and Norm Scheel of the Hoffman Company.