REAL ESTATE

Primestor Development to open green shopping center in Los Angeles

BY CSA STAFF

Beverly Hills, Calif. Primestor Development will open its Plaza Pacoima shopping center on Saturday in Los Angeles. This development will bring 790 jobs to the community.

The 343,000-sq.-ft. center is located on a 28-acre site. The $78 million project, anchored by Lowe’s, Costco and Best Buy, also includes 4,000 sq. ft. of retail, restaurant and office space.

Plaza Pacoima is being built on the site of the former Price Pfister plumbing fixtures manufacturing facility.

The center will seek a LEED (Leadership in Energy and Environmental Design) Gold certification from the U.S. Green Building Council. Sustainable features include on-site storm-water retention, shaded pedestrian routes, and lush perimeter and parking lot landscaping.

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REAL ESTATE

Best Buy to open at Prestonwood Town Center

BY CSA STAFF

Dallas SRS Real Estate Partners announced Monday that a new Best Buy store will open at Prestonwood Town Center, in Dallas.

The store is slated to open in August, in a 30,770-sq.-ft. space formerly occupied by Circuit City. Other tenants in the 450,000-sq.-ft. center include Barnes & Noble, Petco, Office Depot, Michaels and Walmart.

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REAL ESTATE

Shopko to introduce new concept

BY CSA STAFF

Green Bay, Wis. Shopko is introducing a new concept called Shopko Hometown that will combine features from its full-size stores and smaller Shopko Express stores.

Two Shopko Hometown stores are scheduled to open later this summer in Oconto and Kewaunee, Wis., with grand openings planned for September.

The format is designed to serve smaller markets, but will include the brand selection of the full-size stores, offering convenience foods, consumables, home products, clothing and other merchandise, as well as pharmacies and possibly optical centers.

“As Shopko grows and evolves, we are continuously looking for innovative ways to serve our existing customers and to reach new customers,” Shopko president and CEO Paul Jones said. “By leveraging the strengths of both our full-size Shopko stores and our Shopko Express model, we are able to introduce this new store concept to smaller markets where we have not previously had a presence and where there is a strong need for our products and services.”

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