Approximately 90% leased, Winterwood Pavilion was built in 1990 on 16.44 acres at the northeast corner of the intersection. It is anchored by a Vons supermarket, which is owned and operated by Safeway, Inc., and Aaron Rents. The center has a mix of national and regional credit tenants including Carl's Jr., Panda Express, Little Caesar's Pizza, Washington Mutual and Blockbuster Video.

The property's in-place NOI is $1.4 million and the pro forma NOI is $1.7 million, according to the offering memorandum. The anchor tenant rents (Vons and Aaron Rents) average $7.09 per sf and shop tenant (5,000 sf or less, excluding outparcels) rents average $16.80 per sf, according to the OM.Kimco officially acquired the property as part of its 2006 acquisition of Pan Pacific Properties. BPG senior vice president Elizabeth Owens says it acquired Winterwood at below replacement cost.

Reza Etedali and Aaron Bettencourt of Reza Investment had the disposition assignment. CB Richard Ellis is managing the property for BPG. Nelson L. Tresslor of Grubb and Ellis is the exclusive leasing agent.