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BIG, Kimco JV Adds Anchors at 226,872-SF Retail Center

LA VERNE, CA-The joint venture of BIG Shopping Centers and Kimco Realty Corp. debuts a new Marshalls department store and plans a new Staples at the La Verne Towne Center.

By Bob Howard | Updated on October 17, 2011

LA VERNE, CA-A joint venture of Beverly Hills-based BIG USA and Kimco Realty Corp. has unveiled a new Marshalls department store and plans a new Staples at the 226,872-square-foot La Verne Towne Center, which the JV acquired in June 2010. BIG USA, which is a subsidiary of Israel-based BIG Shopping Centers, points out that the two new anchors are part of a revitalization of the center, including significant capital investment and a strengthened tenant roster.

With the addition of Marshalls, and Staples scheduled in early 2012, the Towne Center “has become one of the trade area’s dominant shopping centers,” according to an announcement from BIG USA. Stanley McElroy Jr., president of the company, said in the announcement that the La Verne project “exemplifies BIG Shopping Centers’ strategy of building strong partnerships with well-respected REIT partners to acquire quality shopping centers throughout the US.”

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