Site Challenges

• Low rents / existing tenants
• Poorly maintained
• Environmental issues
• Ground Lease

CPI Value-Add

• Bought out existing leases and executed Whole Foods lease within 60 days of acquisition
• Worked around existing tenant base to completely redevelop the center
• Won 9 awards including 2009 Silver ICSC U.S. Design and Development award and 2010 Los Angeles Business Council Architectural Award for Renovated Building
• The Whole Foods is among the highest performing stores for the chain in the U.S.