Irvine, Calif — July 2015 — KZ Companies, LLC (“KZ”) has purchased the Concord Terminal Shopping Center for $7,250,000. The acquisition is a 41,400-square-foot shopping center occupied by CVS Pharmacy and Big 5 Sporting Goods located at 2677 and 2689 Clayton Road, Concord, California. This property will be added to KZ’s core asset portfolio.
Kevin Van Voorhis, Henry Englehardt and Deborah Perry with Collier’s International represented the sellers, Logan Survivor’s Trust and Logan Non-Exempt Marital Trust, in this transaction. We thank them for all their hard work and professionalism in completing this deal in a way that benefited all parties involved. “We are excited to have acquired this stable asset in the heart of Concord, CA. The shopping center was constructed in 1963. This is one of the original Long’s drug store locations that was substantially remodeled in 2009 when acquired by CVS”, said Mark Zimmerman, Managing Member of KZ Companies, LLC.
About KZ Companies-
KZ Companies is a full service commercial real estate development firm, specializing in shopping center development, single tenant representation, property management, and construction management. After 20 years in business, it has been successful in the acquisition, development, and construction of real estate projects across the country for numerous national and regional tenants. For additional information, please visit: www.kzcompanies.com
HEMET, CALIF. – Smart & Final has completed a $1.5M expansion and remodel of the Smart & Final location in Hemet, CA converting it to a Smart & Final “Extra!” The expansion included an additional 803 sq. ft. added to the store to make it a total of 20,803 sq. ft. The remodel consisted of new exterior signage, the addition of refrigerators, fresh meat section, larger selection of fruits and vegetables, etc. Upon completion, Smart & Final entered into a new 15 year Lease.