2019 NEW CITIES INVESTMENT PARTNERS, LLC

COMMERCIAL

Marina Landing Shopping Center, Marina CA

Located in Marina, CA, this 210,000 square foot Walmart anchored shopping center was the subject of California Coastal Commission, Army Corps of Engineers, California Department of Fish and Game, and City of Marina entitlement approvals.

Quail Run Business Park, Salinas CA

Consisting of over 21 acres in Salinas, CA, 13 lots were created, improvements were completed, and all lots were sold within 18 months of subdivision application.

Scottsdale Office Building, Scottsdale AZ

In 2002, two substantially completed Class A office buildings located in Scottsdale, AZ, were identified and acquired at a projected cap rate in excess of 9% from Opus West. The buildings were completed and fully leased substantially to credit tenants such as Wells Fargo by NCLC. NCLC sold the buildings at a 6% cap rate and exited the market in 2006.