Shopping Center Business

MAY 2015

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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60 • SHOPPING CENTER BUSINESS • MAY 2015 D E V E L O P M E N T N E W S RANCHO MISSION VIEJO, CALIFORNIA WESTAR ASSOCIATES BEGINS DEVELOPMENT AND LEASING FOR SENDERO MARKETPLACE Westar Associates has begun develop- ment and leasing of Sendero Marketplace, a new 11.5-acre neighborhood retail cen- ter in Rancho Mission Viejo, a planned community. The 98,000-square-foot Sen- dero Marketplace will be comprised of dozens of restaurants and retailers when it opens in 2016. Rite-Aid is the first ten- ant to sign a lease with Sendero. Sendero Marketplace is part of Rancho Mission Viejo's first village called Sendero, now nearing the build-out of its 941 attached and detached homes within 11 distinctive neighborhoods and the 286-unit Sendero Gateway apartment neighborhood. LOMBARD, ILLINOIS LEOPARDO COMPLETES AMC YORKTOWN 18 RENOVATION Leopardo Companies Inc. has completed its 68,000-square-foot renovation of the AMC Yorktown 18 featuring AMC Red Kitchen in Lombard. The renovation was part of AMC Theatres' strategy to enhance the overall movie-going experi- ence by updating several theater locations throughout its circuit. Leopardo has com- pleted projects for the company at several locations across the country, including the AMC 600 N. Michigan 9 in Chicago. The AMC Yorktown 18 renovation consisted of the demolition and renovation of au- ditoriums, lobby and restrooms, as well as box office, guest services and conces- sion areas. The auditoriums were also up- graded to include power reclining seats with tables to accommodate fast-casual dining. The renovation also included the build-out of an AMC Red Kitchen, one of only two AMC locations in the United States to feature the dining concept. The concept allows guests to enjoy a meal dur- ing a movie from their power recliner. MacGuffins, a bar and lounge that serves specialty cocktails, beer and wine, was also added during the renovation. Leopardo served as general contractor and worked in collaboration with owner's representa- tive Jones Lang LaSalle and BRR Archi- tecture to complete the project. Rite-Aid is the first tenant to sign a lease at the 98,000-square-foot Sendero Marketplace. Leopardo Companies Inc.'s renovation of AMC Yorktown 18 was part of AMC Theatres' strategy to enhance the overall movie-going experience by updating several theater locations throughout its circuit. For more than 50 years, The Sembler Company has created retail value as developers, managers, and investors in the Southeast and Puerto Rico. This expertise is available for your portfolio, and you get the Sembler reputation at no additional charge. 800.940.6000 • www.sembler.com Corporate Office: 5858 Central Avenue St. Petersburg, FL 33707 DEVELOP • Over 130 shopping centers built • Over 27 million sq ft constructed • 200 plus build to suits • Over $3 billion of real estate value MANAGE • 11 million sq ft managed/leased (Owned and 3rd Party) • Management, leasing receivership, disposition • 95% plus overall occupancy rate INVEST • Value-add shopping centers • Operating partner co-investments • Distressed debt • Investment funds

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