Newsletters

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.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
1 free article* every 30 days across the ALM subscription network
Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account? Sign In Now

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Resource Center

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Assessment

Sponsored by Cherre

Enabling Stakeholder Confidence in Your Data: A Self-Assessment for Real Estate Organizations

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Browse More Resources ›

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2024 ALM Global, LLC. All Rights Reserved.