REAL ESTATE

Azalea regional shopping center breaks ground

BY CSA STAFF

South Gate, Calif. — Primestor Development announced that Azalea Regional Shopping Center has launched construction in South Gate, Calif. The 380,000-sq.-ft. project, expected to be completed by early 2014, will include retailers, restaurants and services in a modern setting with water features, a large open-air plaza, Wi-Fi and gathering areas.

"Azalea will bring quality retail and dining to an area that has long needed it, as it fulfills a critical part of South Gate’s General Plan 2035, which calls for a landmark district at this location to serve as a gateway to the city," said Arturo Sneider, partner at Los Angeles-based Primestor.

The 32-acre site was an Ameron pipe manufacturing facility from 1928 to 2005, when Ameron ceased operations and demolished most of the site’s structures. Various retail buildings including an Arco gasoline station sprung up during the 1940s, necessitating substantial cleanup on the property. Primestor, through one of its investment vehicle urban opportunity funds, acquired the site in late 2010, and began the redevelopment process. Now cleared by all oversight agencies, development can begin on the retail, entertainment and transit-oriented project.

Leasing also is underway on azalea, which will combine national, regional and local retailers, dining and services with a particular eye to the area’s Latino consumers.

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REAL ESTATE

BJ’s Restaurant and Brewhouse to open at South Hill Mall

BY Staff Writer

Puyallup, Wash. — Youngstown, Ohio-based Cafaro Co. announced that BJ’s Restaurant and Brewhouse will open a 9,200-sq.-ft. restaurant at South Hill Mall in Puyallup, Wash.

The new tenant is scheduled to open February 11, 2013, located between Red Robin and Olive Garden restaurants.

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REAL ESTATE

Charter Realty & Development to lease Oak Park Commons

BY CSA STAFF

South Plainfield, N.J. — Charter Realty said it has been selected to lease Oak Park Commons located in South Plainfield, N.J.

The single-story, 136,939-sq.-ft. community shopping center is anchored by A&P Supermarket in 60,025 sq. ft. and includes a mix of national, regional and local tenants.

Oak Park Commons is currently 76% occupied with 33,508 sq. ft. of available space.

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