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N  E  W  S        R  E  L  E  A  S  E

Ansoorian and Associates
Public Relations
17615 Kittridge Street
Van Nuys, CA 91406
818-881-1183


NEW VENTURA RETAIL CENTER BLENDS
USES AT KEY TELEPHONE/MARKET LOCALE




VENTURA, CA -- Construction of a new "high-tech" styled retail center, combining a rare blend of fast food and light automotive business, is now underway adjacent to the strategic corner of Telephone Rd. and Market St. in Ventura, CA.  Over 75 percent of the space has already been leased, announces Westcord Commercial Real Estate Services.

Joe Lopez, a retail/automotive real estate specialist for Westlake Village-based Westcord, reports that Texaco Express has inked a 10-year lease for 3320 sq. ft. of space at the center.   Additionally, Subway Sandwich Shops has leased another 1400 sq. ft. of space for a 64-seat restaurant.

This project is a development of F Squared Development, a local Ventura company.  The two principals, Bill Fox and Marc Foreman, stated that the "Subway Express Center" will be comprised of 7150 sq. ft. of mixed-use space featuring a four lane oil change facility with the two highly desirable restaurant spaces.  Currently a 1450 sq. ft. retail suite is available bordering the Subway store.

Lopez added that Foreman and Fox are finalizing plans for a 5300 sq. ft. state-of the-art retail/automotive installation building on this site.

Westcord is one of the Los Angeles area's top 25 commercial real estate companies with offices in Westlake Village, CA, and Van Nuys, CA.



8/24/04

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