The Placer Commerce Center will be located on 393 acres on Athens Avenue and North Foothills Boulevard in unincorporated Lincoln. Photo courtesy of Placer County

AUBURN, CA (MPG) - Placer County and the Buzz Oates development company hosted a ceremonial groundbreaking for the Placer Commerce Center, celebrating a bright future for business, innovation and high-wage jobs in west Placer.

The Placer Commerce Center is a major business park that will attract high-wage employers in research and development, warehousing, distribution, e-commerce fulfillment, flex spaces, and in light industrial and manufacturing.

Buzz Oates anticipates investing $750 million to $1 billion over the next 20 years of buildout, and the project is being spurred forward by a $28 million infrastructure investment into west Placer by the Placer County Board of Supervisors.

Placer County has long-planned west Placer as a place that residents can own a home, maintain a short commute to work and have shopping, dining and recreation nearby. Photo courtesy of Placer County

Upon completion, it is estimated that between 3,500 and 5,000 people will be employed at the Placer Commerce Center, depending on end users.

“We are excited about the future of the Placer Commerce Center. We envision it becoming a major economic engine for West Placer County, attracting diverse industries, fostering innovation, and providing high-quality jobs for our residents,” said Board of Supervisors’ Chair Bonnie Gore. “This hub will both strengthen our local economy and enhance the quality of life in our community.”

The Placer Commerce Center will be located on 393 acres on Athens Avenue and North Foothills Boulevard in unincorporated Lincoln. Placer County has long-planned west Placer as a place that residents can own a home, maintain a short commute to work and have shopping, dining and recreation nearby.

It is estimated that between 3,500 and 5,000 people will be employed at the Placer Commerce Center. Photo courtesy of Placer County

“This project represents a significant investment in West Placer County, an investment in our people, and an investment in our future, and will benefit our whole community,” said District 2 Supervisor Shanti Landon. “By fostering innovation, attracting top talent, and creating a balanced, sustainable community, the Placer Commerce Center will be a crucial part of what keeps Placer County a truly exceptional place to live, work, raise a family, own a business and retire.”

Buzz Oates is a privately owned, Sacramento California based, vertically integrated commercial real estate operating platform and investment management company. Organizational specializations include land development entitlements, vertical development, construction services, property management and asset management services. Assets under management total 30+ million square feet valued in excess of $3.5 Billion. Buzz Oates is the exclusive investment and operating advisor to Pac West Equities, LP a privately held commercial real estate investment fund.