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EL CERRITO, CA-The Plaza shopping center in El Cerrito is well underway with its renovation plans, and now, the center has added an additional owner.

Two investors, Albert and Judith Lampert, have purchased a key part of the property on San Pablo Avenue, which will include the Macaroni Grill, a 6,500-sf restaurant that will open next year. The couple bought the slot for $1.6 million.

In the past, the Plaza has always had multiple owners, which has led to many disagreements and plan delays. Previously, the property was owned by Longs Drugs, Emporium-Capwell and the Bilak Co. The 342,000-sf shopping center’s renovation plans have been postponed because of a failure to reach an agreement.

Now the Lamperts, Longs Drugs, Albertson’s and Regency Centers own the property, which is 90% leased. The new investors will reportedly bring needed funds for the project’s completion.

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