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Development Site

OXNARD, CA-A new $17.2 million loan arranged by George Smith Partners of Century City, CA will pay off a land loan, demolish existing buildings and clear the way for a new 138,000-square-foot Lowe’s Home Improvement store at a mostly vacant and functionally obsolete retail center called Carriage Square. Upside Investments of Calabasas, CA bought the property in 2007 and since then has been getting entitlements and negotiating leases, lease extensions and tenant relocations. The 16-acre center will now be partially demolished and redeveloped to comprise 170,000 square feet of retail space.

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