SAN MARCOS, CALIF. — KZ DevCo, LP completed construction on the ground up development of a 13,225 s.f. CVS/Pharmacy at the northwest corner of Mission Boulevard and Las Posas Road in the City of San Marcos. The store is scheduled to open in late February 2010. “We delivered a great product, on-time and on-budget. This will be a great long term store for CVS/Pharmacy” said Mark Zimmerman, KZ DevCo’s General Partner.

Raised more than $50,000 for Children’s Hospital

SAN DIEGO, CALIF. — Retail center developer KZ Companies and a dedicated crew of commercial real estate and healthcare sponsors have reeled in more than $50,000 in total to benefit Shriners Hospitals for Children through the Annual Fall Classic Charity Fishing Tournament.

“The commercial real estate industry is passionate about supporting charities, treatments and technologies that benefit children in need,” said Mark Zimmerman, KZ Companies’ General Partner and founder of the tournament. “It was rewarding to see so many skilled anglers come together to showcase their talents, while helping to further Shriners’ mission of improving the lives of children.”

The tournament, held on Sept. 2 at the San Diego Marriott Marina, brought in a record 1,000 pounds of dorado, yellowfin tuna and albacore, all with the ultimate goal of helping kids in need. The fish were donated to the Al Bahr Shrine Center, Tijuana Shrine Club to help feed children with ailments in need of treatment.

According to Zimmerman, the record-setting catch was attributed to warm water temperatures resulting from Hurricane Jimena off the coast of Mexico.

Adam Cleary of Stewart Title, who caught a total weight of 64.2 pounds of fish, won the High Angler category. Mark Baziak of Grubb and Ellis finished second with 56.2 pounds, followed by Michael Dinovitz of Woodland Construction, in third with 55 pounds. The Prime Time, a sport fishing team sponsored by Eleven Western Builders won the High Boat trophy and George Mendoza from CVS Realty Co. won the biggest catch of the day with a whopping 27.4-pound yellowfin tuna.

The fishing portion of the event was followed by a silent auction, which was attended by 100 people and also played a key role in the overall funds raised by the event.

Fishing tournament sponsors included KZ Companies, Stewart Title, Mikelson Yachts, Shriners Hospitals, Tait & Associates, Al Bahr (a San Diego Shriners temple), Eleven Western Builders, Inc, Grubb & Ellis, California Centers Magazine, Simac Construction, CVS Caremark Realty and Miller Construction.

Next year’s 4th annual Fall Classic Charity Fishing Tournament will be held September 21 and 22, 2010 at the San Diego Marriott Marina. For additional information about next year’s event, visit

Article featured in the Sports Fishing Magazine.

CVS Opens Early Next Year

SAN MARCOS, CALIF. — Nov. 21 Residents in Santa Fe Hills and other neighborhoods around Palomar College in San Marcos can rest assured that a new CVS drugstore in their area will open early next year, people involved with the project said Tuesday. Some neighbors said recently that they were concerned, though, after construction stopped and after signs identifying the building as a CVS drugstore were covered up. However, Pat Cowen, director of construction for developer KZ Companies, which built the store, said the project was finished early.

The 14,000-square-foot store is on the northwest corner of Mission and Las Posas roads, north of Highway 78.

People who live in the area welcomed the drugstore project when it broke ground early this year, saying it would give them a long-awaited opportunity to get prescriptions filled, pick up over-the-counter drugs and buy other merchandise close to home.

Some neighbors said recently that they were concerned, though, after construction stopped and after signs identifying the building as a CVS drugstore were covered up.

Attempts to reach CVS officials were unsuccessful. However, Pat Cowen, director of construction for developer KZ Companies, which built the store, said the project was finished early.

CVS does not plan to open the store until early next year because the company is not prepared to do so during the busy holiday season, he said.

“For a large operator like CVS or anyone else like that to get all the employees and all the inventory at the store, it’s a huge operational effort, as you can imagine,” Cowen said. “And then also, with the holidays coming, they have to get all the special merchandise in their (existing) stores.

“But it’s definitely going forward and will be open early next year.”

Cowen said the signs were covered up to keep them clean and because CVS officials feared the signs might mislead people into thinking the store had opened.

City officials have acknowledged that the area lacks shopping opportunities and that they hope to see a grocery store open up there eventually.

The CVS drugstore site was part of 9 acres owned by World Premiere Investments until that company sold part of the land to the drugstore chain.

A tentative development plan that World Premiere submitted to the city in 2008 calls for a 60,000-square-foot grocery store and a 23,500-square-foot office or day care building to be built in the center, as well.

Consultants Collaborative has been marketing the site on behalf of World Premiere Investments. Matt Simmons, vice president of field operations for Consultants Collaborative, said Thursday that the recession had made grocery store chains wary of building a store in the new center at this time.

“But they’re actively pursuing it (and) marketing it,” he said about World Premiere.

Simmons said he recently got a chance to see the inside of the new CVS store.

“And it’s beautiful,” he said. “I’m a local resident here in town, and that’s going to be the closest drugstore to me so I’m going to be a customer there.”

Article featured in the Pharmacistelink.

Office Building Acquired

LOS ALAMITOS, CALIF. — KZ Companies has purchased a 10,100-square-foot office building in Los Alamitos for $4.25 million. The company plans to redevelop the property, which is located at 3401 Katella Ave., into a CVS/pharmacy.

Construction will begin in September with completion scheduled for May 2010. Vincent Roche with CB Richard Ellis represented the buyer; David Cox of Cox Commercial represented the seller, Tipton Family Trust.

Article featured in the Press Telegram, Real Estate Business Online and California Real Estate Journal.