Champion Real Estate Co. Looks to Acquire $500M in Retail Properties

LOS ANGELES, CA, MAY 19, 2010 — Champion Real Estate Company, one of the West Coast’s premier commercial real estate developer and investors, announced today that its retail division is looking to acquire $500 million in retail real estate in the Western United States in the next three years.

Spearheading the initiative is 25 year industry veteran Steve Boss  (top right photo) who was hired as the firm’s new Managing Director of retail investment and development.

Boss was formerly the CEO and founder of Afton Property Investment Corporation and held senior management positions with Pan Pacific Retail Properties and Combined Properties.

 He will focus his attention on using the company’s platform to acquire existing centers with value add opportunity; distressed assets and notes; and prime entitled shopping center land. The company will consider opportunities in core markets ranging in price from $10 million to $200 million.

“We are confident we are close to the bottom of the market and now is the best time to acquire real estate,” said Bob Champion, (lower left photo)  president of Champion Real Estate Company. “Steve has the experience and knowledge to help us succeed in this opportunistic time.”

Based in Los Angeles, Calif., Champion Real Estate Company has developed, renovated or repositioned over $700 million in retail, office, multi-family and mixed-use properties in top tier, urban locations since 1987.

Our projects have received national recognition for their excellence including a NAHRO award for one of our public-private partnerships, multiple ICSC Maxi Awards for our shopping centers, multiple Builder Magazine Gold Nugget awards for our multifamily, mixed-use and transit oriented projects and an award from the California Historic preservation Society.

For more information, please visit http://www.championrealestatecompany.com/.

Contact: David Ebeling, Ebeling Communications, (949) 278-7851, david@ebelingcomm.com