Shopping Center Business

MAY 2017

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

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Page 126 of 334

RCG VENTURES 122 • SHOPPING CENTER BUSINESS • May 2017 He first came across RCG's principals when they all worked for separate firms in the Southeast. In 2002, NewPlan Excel acquired the assets of Equity Investment Group, where Worley worked closely with EIG's founder, Michael Klump, who is now the Chairman of RCG Ventures. Mike McMillen, RCG's CEO, spent years at Regency Centers before founding his own firm prior to cofounding RCG in 2003. RCG has been most active in the South- east, Midwest and Northeast. However, in January, it opened an office in Los An- geles to focus on western markets. RCG has been investigating opportunities in the Western U.S. for the past several years and determined its model of buying value add would translate. RCG's strong capital backing and infrastructure should allow them continued success in these new markets. The West Coast office is headed by Scott Tarbet, senior vice presi- dent, who has worked on many of RCG's acquisitions. Thus far, the company has acquired Sawmill Square, a Safeway-an- chored 134,499-square-foot center in Cottonwood, Arizona, about 20 minutes from Sedona. RCG is also currently under contract on a 335,000-square-foot center in the Reno, Nevada, MSA. With Worley's experience at the na- tion's largest community shopping center owner, RCG now has the ability to run multiple regional offices, which may en- hance the company's growth as it moves Sawmill Square in Cottonwood, Arizona, is RCG Ventures' first purchase in the West. The 134,499-square-foot center is anchored by Safeway, OfficeMax and Family Dollar. Great Ideas / Solutions that Work Alhambra Place, Alhambra, CA Shea Propertes A R C H I T E C T S O R A N G E Phone (714) 639-9860

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