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SOUTH PASADENA, CA-Decoma Developers of Torrance has landed $8.8million in equity funding from Burbank-based Shamrock CapitalAdvisors' Genesis Real Estate Fund II for Decoma's 310,000-sf SouthPas Towne Square mixed-use project Downtown. The development willfeature approximately 41,000 sf of commercial space and 60residential condominium units, including an affordable seniorhousing component, as well as outdoor meeting spaces andunderground parking for 380 cars.

Mark Schaffer, Shamrock managing director, points out that theSouth Pas Towne Square redevelopment will be the first significantdevelopment in South Pasadena's historic downtown in more than 30years. Decoma Principal Marinel Robinson notes that the project "isthe culmination of a decades-long effort by the City of SouthPasadena to revitalize its historic downtown" and also "reflectsnearly two years of community input."