REAL ESTATE

Hobby Lobby expands at Paradise Pavilion

BY CSA STAFF

West Bend, Wis. — Brixmor Property Group announced Hobby Lobby recently expanded from 46,546 sq. ft. to 57,346 sq. ft. at Paradise Pavilion, located in West Bend, Wis.

Brixmor, based in New York City, is the owner of Paradise Pavilion.

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REAL ESTATE

Westfield names U.S. leasing division head

BY Staff Writer

Los Angeles — The Westfield Group announced that David T. Weinert will join the U.S. unit of the group as senior executive VP leasing.

Weinert joins Westfield after 25 years with the Taubman Co., most recently serving as senior VP of leasing.

Weinert will begin his tenure with Westfield in mid-2013. He will replace Peter Leslie, who will return to Australia as head and director of leasing for the Australian portfolio. With the return of Peter Leslie to Australia, Westfield also announced the appointment of John Papagiannis – current leasing director in Australia – to the role of general manager, development for the Australian portfolio.

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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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