Properties

The Medford Center is a 420,000 square foot mixed use regional entertainment and lifestyle center prominently located off Interstate-5 in Medford, OR. The center encompasses an entire city block bounded by Crater Lake Ave., Biddle Road, E. Jackson Street and Stephens Street.  It is the only lifestyle center in Southern OR.  The shopping center includes TJ Maxx, Burlington, a state of the art Cinemark Theater, Village Fitness (a state of the art fully amenitized fitness facility), Collaborative Theater Project performing arts center, Tap and Vine at 559 (craft brewery/wine bar/gastropub), Safeway, Rite Aid, 10 restaurants, a day spa, multiple office tenants, and a variety of other service related and soft goods tenants.

The Village at Medford Center hosts year round events including live music series, artisan markets, wellness fairs, etc..

The Rancho Del Rey Center is a 139,000 square foot community shopping center located in the affluent Rancho Del Rey subdivision south of San Diego, California.  Tenants include Wal-Mart, Petsmart and Discount Tire.  Adjoining tenants (NAP) include Costco, Home Depot and Regal Rancho Del Rey Cinema.

This center is currently fully leased.

Hilltop by the Bay is a large mixed use redevelopment of a 1.2 million square foot property on 77 acres of land strategically located in the heart of the San Francisco East Bay. The property is entitled for up to 9,670 residential units and 16.7 million square feet of commercial space.

The Family Center at Ogden Five Points is a 161,795 square foot community shopping center located at the five-point signalized intersection of Washington Boulevard, Harrisville Road and Second Street in Ogden, UT. The shopping center is anchored by MicroGEM, a large international biolife technology company and a leading medical services company BioLIfe Plasma along with a mix of long seasoned nationally recognized tenants such as Dollar Tree, Harbor Freight Tools, and Key Bank, among others. The property is situated in one of the core retail corridors of Ogden, with direct proximity to major retailers such as Lowe’s and Wal-Mart. In addition, the center is ideally positioned one block south of Weber College’s Ogden campus, immediately east of Business Depot Ogden (BDO), a nationally recognized 1,118-acre master planned business and industrial park with over 110 businesses and 5,400 employees and 3 miles from the IRS regional headquarters with over 5,000 employees.

Portage Plaza is a 97,646 square foot community shopping center featuring an excellent mix of national tenants including Big Lots, JoAnn’s Fabrics, Chuck E Cheese, Chili’s Bar & Grill, and Rent-A-Center.

Park View is a fully entitled mixed-use development situated on a 42-acre site at the 210 Freeway and Baseline Road in Upland / Claremont, CA. The land had been entitled by Allied Retail Partners, an affiliate of LBG, for 400 residential units and 100,000 square feet of commercial building area. The land was purchased by an institutional investor in 2014.

Nordhoff Plaza is a newly redeveloped community shopping center at the signalized intersection of Tampa Avenue and Nordhoff Street in Northridge, CA. Ideally positioned as one of the most dominant class “A” shopping centers within its trade area, Nordhoff Plaza features a strong line-up of national anchor tenants, including Best Buy, 24-Hour Fitness, Office Max, Walgreens, Bed Bath & Beyond, Fresh & Easy Neighborhood Market, and Total Wine & More, among other nationally recognized retailers and restaurants.

The Huntington Beach Center is a 24,000 square foot retail property at the prime, hard corner of Brookhurst Street and Adams Avenue in Huntington Beach, CA. Shadow-anchored by Stater Bros., the property features an excellent line-up of tenants, including PetSmart, US Bank, Pheonix Salon, Tenet Healthcare, and Orangetheory Fitness.

Prominently located at the signalized intersection of Rainbow Boulevard and Windmill Lane in the southwest region of Las Vegas, NV, Southwest Marketplace is anchored by one of the top performing Smith’s Food and Drug stores in the region. The property offers exceptional visibility / accessibility from Rainbow Boulevard, a major north-south thoroughfare serving Las Vegas.

Claremont Promenade is a prominent, I-10 freeway-oriented community shopping located at the signalized intersection of Indian Hill Boulevard and Auto Center Drive in Claremont, CA. The shopping center is anchored by Super King Markets (www.superkingmarket.com), a dominant, exceptionally high volume regional grocery store, which opened November 2011.

This single tenant Home Depot is ideally positioned within the 265,000 square foot Sunset Plaza Shopping Center at the I-515 and Sunset Road in Henderson, NV. Uniquely situated within a premier core retail sub-market in the Las Vegas MSA, the property is surrounded by major big box retailers, including Wal Mart (Supercenter) and Kohl’s, and Forest City’s highly successful Galleria at Sunset super-regional mall.

Bel Maré redevelopment plan.

This Allied Retail Properties redevelopment featured Long term ground leases with Walgreen’s and AutoZone and optimal locations in the market for both tenants, who opened in December 2005. The property was sold in May 2005, for market value based on the new lease income schedule, and prior to commencement of construction by either Walgreens or AutoZone.

Allied Retail Partners redevelopment.  Barnes & Noble’s lease expired in April 2004 and the building was renovated and leased to Petco on a long-term basis.  Petco opened in September 2004.  Landlord successfully obtained a zoning variance, subdivided the Barnes & Noble parcel, and sold the newly created parcel to In-N-Out Burger to open a freestanding drive-thru restaurant.  In addition, the Fresh Choice building was sold for nearly as much as landlord paid for the entire property.

Allied Retail Partners Redevelopment: With an extremely limited budget in mind, a portion of the property was ground leased to CVS, which developed all on and off site work and deducted owner’s share from CVS’ rent.  A 1,600 square foot retail building was constructed with cash, and leased to Quizno’s.

Allied Retail Partners Redevelopment.  An office building was developed on the property and 90% leased to a large RE/MAX real estate affiliate and 10% to the owner of the property.

El Portal Redevelopment plan, Southgate, CA.

Allied Retail Partners Redevelopment. The acquisition was completed using all cash, in two weeks.  Leases were signed with Longs Drugs and Poquito Mas, a popular Mexican restaurant chain.

Allied Retail Partners Redevelopment.  The development was 100% leased to a variety of national tenants, including Kragen Auto Parts, McDonald’s, Kentucky Fried Chicken, Blockbuster Video, Quizno’s and Lucy’s, among others. On average, rents achieved throughout the project were 25%-50% higher than for comparable properties in the area.

Allied Retail Partners Redevelopment.  The shopping center was fully renovated and the vacant space was consolidated and leased to 99¢ Only Stores on a long term basis.

Outcome: The building was fully renovated and a long term lease was signed with 99¢ Only Stores. The store is performing extremely well.

Outcome: The project was entitled within 18 months, built, and fully leased.  The completed project was sold to Archstone Communities at a large profit.

Outcome: 100% land acquisition financing was provided by a commercial bank and 100% construction financing was provided by the City of Los Angeles using FEMA money.  This loan was at 0% interest for 30 years, no payments for the first 3 years, straight line amortization for the remaining 27 years, and 15% of the loan was a Community Block Development Grant. The project was completed and sold.

Outcome: 100% land acquisition financing was provided by a commercial bank and 100% construction financing was provided by the City of Los Angeles using FEMA money.  This loan was at 0% interest for 30 years, no payments for the first 3 years, straight line amortization for the remaining 27 years, and 15% of the loan was a Community Block Development Grant. The project was completed and sold.

Outcome: Through complex negotiations with Kmart that involved the Mayor of Monrovia and the CEO of Kmart, Kmart eventually agreed to release its interest in the shopping center, except for the building it occupied, and allowed development of the balance of the property. New tenants included 24 Hour Fitness, Michael’s Arts & Crafts, Yoshinoya, and Kragen. Kmart subsequently agreed to terminate its lease and their space was sold to Albertsons / Sav-on, which continues to occupy the space today.