KZ Companies to Develop 13 New CVS, Longs Drugstores in Hawaii, SoCal
Western Real Estate Business featured the following article in their December 16, 2014 newsletter.
IRVINE, CALIF. — KZ Companies has announced plans to build 13 new CVS/Health and Longs drugstores in Hawaii and Southern California. The planned development represents about $150 million of construction in the pipeline.
KZ Companies completed construction on five CVS Health/Longs Drugs stores in Hawaii and California this past year. The full-service commercial real estate development firm anticipates it will complete three more outposts in 2015, valued at more than $25 million.
Some of the 13 new drugstores will be delivered to Murrieta, Chula Vista and Long Beach, Calif. They will also be completed on the islands of Oahu, Kauai and Maui, as well as on the Big Island.
Though Longs was acquired by CVS/Health in 2008, the chain still exists in Hawaii. Once the current pipeline is cleared, KZ will have delivered a total of more than 45 CVS/Health and Long’s Drugs stores.
“We are very excited about our future growth and will continue to build on our past successes,” says Mark Zimmerman, KZ Companies’ general partner. “Our skilled team of professionals allows us to achieve more with less.”
Irvine-based KZ Companies specializes in shopping center development, single-tenant representation, property management and construction management.