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COSTA MESA, CA-Shopping center developer Donahue Schriber has started work on six new centers and has acquired another in a series of projects that will increase the company’s portfolio by 600,000 sf of space valued at $105 million. The new properties are in California and Arizona.

Four of the properties represent the Costa Mesa-based development and investment firm’s first retail centers in the cities where they are being developed, notes Mark Whitfield, EVP of development for Donahue Schriber. Whitfield says the projects continue the company’s strategy of seeking out “the best opportunities for growth across our geographic area of California, Arizona and Nevada.”

Three of the six new centers are SaveMart-anchored projects in Central California. The first is the 72,000-sf Rancho Viejo Shopping Center at the southeast corner of Walnut and Akers in Visalia. Donahue Schriber acquired the fully leased property earlier this month for more than $11 million.

The second center is the 85,000-sf Colony Plaza at the southwest corner of Brady and Hoff in Ripon; the third is a 116,000-sf center in Atwater at the northeast corner of Winton Way and Bellevue Road.

All three projects are joint ventures between Donahue Schriber and Tom Winn, with the two development projects scheduled for openings in the fourth quarter. The other three centers are in Northern California.

The first of the Northern California properties is Green Valley Marketplace, a 109,000-sf Safeway-anchored shopping center in El Dorado Hills at the northeast corner of Green Valley Road and Francisco Drive. It is anticipated to open in November.

The second, Natomas Park, is slated to open in late 2007 and will be a 61,000-sf Longs Drugs-anchored center at the southeast corner of Natomas Boulevard and Natomas Drive in Sacramento. The other development in Northern California is for Westlake Village, a neighborhood center located in the city of Sacramento at the northwest corner of Del Paso and El Centro roads. The 66,000-sf center will be anchored by a drug store.

These three projects represent almost $49 million in development and are being developed in joint venture with Tom Winn. Donahue Schriber also has started a 132,000-sf expansion of its Gilbert Commons in Gilbert, AZ. It will be anchored by a TJ Maxx/HomeGoods combination store and a Staples.

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