"We're looking forward to collaborating with SunCal Companies to turn Delta Shores into one of the finest new communities in the region," said Peter Merlone, president and general partner of M&H Realty Partners. "The residential neighborhoods will provide a wide range of homes to meet the high market demand, and the commercial center will offer exciting new shopping opportunities and local jobs."
The two companies will jointly prepare and process plans for the project, located in the Freeport area of Sacramento along Interstate 5.
"Together, SunCal and M&H join two of the leading residential and commercial developers in the West, which will result in a well-designed and successful community that will meet the needs of the entire Sacramento region," said SunCal Northern California Division President Bill Myers. "We're excited to start turning our plans into reality."
About M&H Realty Partners
M&H Realty Partners operates throughout California and focuses primarily on the development and redevelopment of neighborhood and community shopping centers. The firm has invested in excess of $1 billion since 1994 and has had ownership interests in more than 50 projects during that period. M&H projects in the Sacramento area have included Howe 'Bout Arden, University Mall in Davis and a variety of smaller supermarket-anchored retail projects. M&H also owns approximately 150 acres adjacent to the planned General Growth Properties regional mall in Elk Grove.
About SunCal Companies
With more than 70 years of experience, SunCal Companies acquires, entitles and develops property for sale to leading residential and commercial builders. The company specializes in creating distinctive mixed-use and master-planned communities that emphasize quality of life and recreational opportunities, and currently has more than 100,000 residential units in various stages of development throughout California and Nevada. For more information on SunCal, visit www.SunCal.com.
© 2005 Business Wire
