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Lowe Enterprises Starts 1.8M-SF Project

HAWTHORNE, CA-A Lowe's Home Improvement Warehouse will be the first

By Bob Howard | Updated on September 19, 2002

HAWTHORNE, CA-Lowe Enterprises broke ground this week on a 170,000-sfLowe’s Home Improvement Warehouse that is the first component of TheExchange, a 1.8-million-sf redevelopment of a former Northrop Grummanaerospace site.

Developer Lowe, which has a similar name but is not related to theLowe’s Home Improvement chain, says the Lowe’s project will anchor theretail portion of The Exchange, which is a 105-acre, mixed-useredevelopment of the former Northrop Grumman’s campus. The 170,000-sfhome improvement and garden center is on a 12-acre site that Lowe’spurchased from Lowe Enterprises earlier this year.

The City of Hawthorne approved the Lowe Enterprises redevelopment planfor the abandoned aerospace facility last year. In addition to theLowe’s Home Improvement store, which is expected to open in the thirdquarter of 2003, the retail component of the project will include120,000 sf of new community-serving retail and restaurant space.

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