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SAN FRANCISCO-Capital and Counties U.S.A. Inc. is launching a new development division that will pursue retail development opportunities in California and the Western US. Turner Newton, president of the locally based private REIT, says the new unit will augment C&C’s existing commercial portfolio through strategic development and redevelopment of neighborhood, community and regional shopping centers. The unit also will pursue mixed-use development opportunities in California and eventually expand its focus to other western states.

The Capital and Counties Development Group will be headed by Thomas Engberg and Scott Franklin. Both individuals come to C&C by way of Regency Centers Corp.’s Northern California Investments and Development division, where they were SVP and VP, respectively. Engberg says he and Franklin accepted the new positions for the opportunity to build a development platform from the ground up for a well-capitalized firm with a solid track record.

Capital & Counties U.S.A. is a wholly owned subsidiary of the UK-based Liberty International PLC, one of the largest publicly traded property companies in the UK with assets in excess of $17.5 billion. Capital & Counties’ US property holdings are focused in Northern California and include Serramonte Shopping Center in Daly City; 222 Sutter Street in San Francisco; the Senator Office Building in Sacramento; the Willows Shopping Center in Concord; Plaza Escuela in Walnut Creek; and the Marketplace Shopping Center in Davis.

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