CAMARILLO, CA-Donahue Schriber, Costa Mesa-based owner of the 246,141-square-foot Camarillo Village Square shopping center here, has signed three national retailers to leases totaling nearly 38,000 square feet that the Costa Mesa company says will change the scope of the community center and upgrade the existing tenant mix. The new tenants are Big 5 Sporting Goods, PetsMart and Chase Bank.

Big 5 Sporting Goods is slated to open a 16,800-square-foot store at the end of 2010. Also scheduled to open at the end of the year is Chase Bank with a 4,178-square-foot space. PetsMart plans to open in spring 2011 with a 16,800-square-foot shop.

According to Donahue Schriber leasing representative Ryan Dan, who oversaw all three transactions while brokers David Morgan and Phillip Kyle of Epsteen & Associates represented the shopping center owner, the new leases will add more national retailers to Camarillo Village in place of locally based tenants. "Given the economy, when several local tenants' leases came up for renewal, it was a natural evolution for these businesses to choose smaller shop space in alternate locations," Dan explains.

When that occurred, Dan says, "We recognized the opportunity to bring in national retailers and relocate several current tenants" to re-tenant the center, he says. Chase was represented by Phillip Kyle of Epsteen & Associates. PetsMart's local rep was Stephen Leider of Lee & Associates; the chain's national rep is Eric Termansen of Western Retail Advisors. Big 5 was represented by Charlie Ogburn of Ogburn & Associates.

Donahue Schriber originally bought Camarillo Village Square in 2000 and remodeled the property in 2002 to feature a Mediterranean theme as designed by Orange, CA-based Architects Orange.

Camarillo Village Square, which is located at Las Posas and Arneill in a densely populated residential area, is one of 83 neighborhood, community, community lifestyle and power shopping centers representing over 13 million square feet in a Donahue Schriber portfolio throughout California, Nevada, Arizona and Oregon. The company is a private REIT that has been involved in nearly 32 million square feet of retail properties during its 41-year history.