WOOD INVESTMENTS COMPANIES COMPLETES CONSTRUCTION OF NEW BURLINGTON IN UPLAND

WOOD INVESTMENTS COMPANIES COMPLETES CONSTRUCTION OF NEW BURLINGTON IN UPLAND; GRAND OPENING AND RIBBON-CUTTING CEREMONY SCHEDULED FOR SEPTEMBER 14

First of many new retail locations slated to open in revitalized Upland Village Center this year

Los Angeles and Orange County, Calif – September 13, 2018 – Wood Investments Companies, a leading Orange County commercial real estate investment and management company specializing in retail, today announced the construction completion of a 40,000-square-foot Burlington Coat Factory in the newly revived Upland Village Center. Located at the northeast corner of Foothill Boulevard and Euclid Avenue, it will officially open for business on Friday, September 14th.

This is the first new major tenant opening in the approximately 150,000-square-foot Upland Village Center that was purchased by Wood Investments Companies in 2017 for $18.5 million and is being renovated by the firm. Built in 1968, Upland Village Center is in the heart of an established retail corridor along Foothill Boulevard that was once occupied by a 65,000-square-foot Dick’s Sporting Goods but remained vacant for more than seven years.

Wood Investments Companies is in the first phase of development, with popular destinations Ross, Raising Cane’s, MOD Pizza and Chop Stop projected to be completed this year. The company is currently in negotiations and pre-leasing for the remainder of phase 1 and phase 2. Phase 2, which includes Blink Fitness, will start construction by November.

“This was an underutilized space for nearly a decade. We saw immediate opportunity to transform it into a location that will benefit both the local community and the businesses that serve them, ”said Matthew Bush of Wood Investments Companies.

 Burlington joins an existing 99 Cents Only store and Laser Island which remained open in Upland Village Center through construction.

“The grand opening is a milestone for the center. We worked closely with the Burlington team to build this store to their exact specifications and are proud of the creative reuse of the building,” said Bush. “We look forward to the many additions that will be rolling out on the property in the coming months.”

For more information, visit http://www.woodinvestments.com

About Wood Investments Companies

Wood Investments Companies is operated and managed by Patrick and James (Jim) T. Wood. Headquartered in Orange County, Wood Investments Companies is a privately held commercial real estate investment and management firm that acquires, owns, operates and develops commercial retail properties with a focus on value-add development and investments. The managing partners have over 40 years of combined experience and success in the California commercial real estate industry.