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Lowe Enterprises Sets $195-Mil SoCal Project

HAWTHORNE, CA-The developer will build 1.8 million sf of office, retail and industrial space on the former Northrop Grumman campus here in this LA suburb. Project is expected to create up to 3,000 jobs.

By David W. Myers | Updated on December 20, 2001

HAWTHORNE, CA-Development giant Lowe Enterprises says it will build a $195-million mixed-use project on the site of the old Northrop Grumman campus here in the South Bay area of LA, creating as many as 3,000 jobs and $3 million in annual revenue for the city’s coffers.

Construction of the 1.8-million-sf project will begin by the middle of next year, officials at Los Angeles-based Lowe say. Called The Exchange, it will rise on the former aerospace plant’s 104-acre site at Crenshaw Boulevard and the Century (105) Freeway.

The master plan for the development was approved by the Hawthorne City Council earlier this week. It calls for construction of a 260,000-sf retail center that will be anchored by a Lowe’s Home Improvement Warehouse, the North Carolina-based chain that is unrelated to the development company.

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