KZ Companies to Develop 13 New CVS, Longs Drugstores in Hawaii, SoCal

Western Real Estate Business featured the following article in their December 16, 2014 newsletter.

IRVINE, CALIF. — KZ Companies has announced plans to build 13 new CVS/Health and Longs drugstores in Hawaii and Southern California. The planned development represents about $150 million of construction in the pipeline.

KZ Companies completed construction on five CVS Health/Longs Drugs stores in Hawaii and California this past year. The full-service commercial real estate development firm anticipates it will complete three more outposts in 2015, valued at more than $25 million.

Some of the 13 new drugstores will be delivered to Murrieta, Chula Vista and Long Beach, Calif. They will also be completed on the islands of Oahu, Kauai and Maui, as well as on the Big Island.

Though Longs was acquired by CVS/Health in 2008, the chain still exists in Hawaii. Once the current pipeline is cleared, KZ will have delivered a total of more than 45 CVS/Health and Long’s Drugs stores.

“We are very excited about our future growth and will continue to build on our past successes,” says Mark Zimmerman, KZ Companies’ general partner. “Our skilled team of professionals allows us to achieve more with less.”

Irvine-based KZ Companies specializes in shopping center development, single-tenant representation, property management and construction management.

KZ Companies to Develop First Long’s Drugs in Waikiki, HI

HONOLULU, HI- As featured in an article in Pacific Business News, KZ is developing the first Longs Drugs retail store in Waikiki located at 2155 Kalakaua Avenue. The project is at the base of the high-rise Bank of Hawaii Waikiki Center and encompasses the former 20,438 square-foot, two-story Teddy Bear World space. This property is considered to be located at the gateway into Waikiki and will be one of the most high profile Longs stores on the island. The deal will be a long term lease with the space delivered in a raw shell for KZ to construct all necessary TI’s. KZ anticipates starting construction early in 2015 and is anticipating to deliver it by the 3Q of 2015. Please follow this link to the Pacific Business News article:

Kapaa Longs Drugs – Grand Opening Blessing & Hula Ceremony

KAPAA, KAUAI – The drum shown in the adjacent photo is made from the coconut trees originally grown on the new Longs Drug store site which opened on November 9, 2014 in Kapa’a, Kauai. The project included the relocation and replanting of a large number of its coconut trees in order to preserve the grove-like appearance of the world famous ‘Golden Coconut Coast’. As part of efforts made by the developer, KZ Companies, and the GC, Allied Builders System, to work with the community, the trees that were taken down were recycled with local organizations.

In Hawaii it is a tradition to have a Hawaiian Blessing at the start of a construction project and again when the store opens. KZ Companies has always made sure to honor this tradition with its Longs Drugs projects. During the first blessing of the Kapaa site, it was brought to our attention that one of the local hālau hula, (hula schools) was in need of sections of coconut trees to construct traditional Hawaiian drums for use in The Merrie Monarch Festival. This festival is a weeklong cultural event that takes place annually in Hilo, Hawaii. It honors King David Kalākaua, who was called the ‘Merrie Monarch’ in reference to his patronage of the arts and who is credited with restoring many Hawaiian cultural traditions during his reign, including the hula. Many hālau hulas, including some from the U.S. mainland and some international performers, attend the festival each year to participate in exhibitions and competitions. The festival has received worldwide attention and is considered the most prestigious of all hula contests. Once the trees were cleared and cut into sections, the hālau came to the site and filled four trucks with material for creation of the drums. Every year drums are made for the festival on a different Hawaiian Island and in April 2014 the festival was held here in Kauai. Three of the drums used in this prestigious festival were lovingly made from the coconut trees that were repurposed from the Longs site in Kapaa.

By working with the local people here in Kauai, we have been fortunate to not only contribute a new project to the community, but also to enjoy the chance to add to the Hawaiian tradition and heritage. For more information on the grand opening and blessing, please see our featured article in TGI News:

Construction Start: Lincoln & Mary, Riverside

RIVERSIDE, CALIFORNIA – On 10/17/2014 KZ Companies broke ground on a relocation of an existing CVS Pharmacy in a small neighborhood shopping center located at Lincoln & Mary in Riverside, CA. This relocation required a temporary trailer which CVS has operated out of for the last 12 months between the periods of existing building demolition and until the new store is turned over to CVS . This project is a strategic relocation by improving its position within the center and its convenience to customers. It’s uniquely situated in the only new neighborhood shopping center in the trade area while keeping existing pharmacy customers and moving closer to the hard corner with good visibility, increased parking, increased building square footage and double drive-thru. KZ anticipates the store to be completely finished and open in the second half of 2015.

Construction Start: Aina Haina, Hawaii

HONOLULU, HAWAII – KZ Companies a full service commercial real estate development firm specializing in shopping center development, started construction of a 13,380 SF freestanding Long’s Drugs on behalf of CVS/pharmacy. The project is located on the outskirts of Honolulu in the town of Aina Haina. The property is adjacent to a Foodland anchored neighborhood shopping center along Kalanianaole Highway and Hind Drive. KZ broke ground on September 1st and is anticipating the store to be open in the 3Q of 2015.

Construction Finish: Honolulu, Hawaii

HONOLULU, HAWAII – KZ Companies a full service commercial real estate development firm specializing in shopping center development, completed construction of a 20,114 SF freestanding Long’s Drugs on behalf of CVS/pharmacy. KZ assembled over an acre and a half of land located at 1030 King Street in Honolulu, Hawaii to construct this project. Budgeted project costs were in excess of $25 million dollars, making this one of the most expensive Long’s projects to date.

The site is situated in the neighborhood of Makiki, one of the busiest neighborhoods in Honolulu and is expected to service a trade area consisting of more than 50,000 residents. Within a few blocks of the site are numerous high rise residential towers, several major medical centers, medical office buildings, the Neal Blaisdel Center, and the Honolulu Academy of Arts. The project broke ground in the second half of 2013 and is expected to be open for business in June of 2014.

KZ Companies Hires Robert Falar as Director of Construction

SAN DIEGO, CA — KZ Companies Real Estate Development firm hires Robert Falar as Director of Construction at their office in San Diego.

As a development project manager, Falar will be responsible for new project planning, entitlements support, permitting support, design management and construction administration.

Falar has more than 15 years of experience in the Design and Construction industry. He previously worked for companies such as L.A. Arena Company, Sundt Construction Inc. and ISEC, Inc. He spent more than 10 years at his last company, ISEC, Inc., where he held a variety of positions such as Project Engineer, Project Manager and Direct Sales and Estimating.

“We are excited about bringing Robert’s expertise and energy into our Company to help us support our clients,” Patrick Cowan, KZ Companies’ Sr. Vice President, said.

San Diego Credit Union Building Installs Sam Ballard “Spirit” Sculpture

SAN DIEGO, CA — On May 14 the San Diego County Credit Union Building in the North Park welcomed the installation of a copy of the “Spirit” sculpture by artist Sam Ballard. The North Park Fire Department’s Ladder 14 installed the art piece upon the building’s flagpole at 9 a.m. where the eagle sculpture now flies.

The original “Spirit” sculpture was commissioned by the Louse Bank of Commerce, located on 5th Avenue in San Diego, in 2000. Since the original installation, copies of “Spirit” have been installed in two locations in Auburn, Ca. and now again in San Diego’s North Park.

“I am both honored and proud to have ‘Spirit’ come home to San Diego,” Ballard said. “My gratitude to Pat Cowan, San Diego County Credit Union, North Park Ladder 14 Fire Department and Angela Landsberg.”

Ballard will also be participating in the North Park Festival of the Arts, which is sponsored by San Diego County Credit Union. The event takes place on May 17 from 11 a.m. to 6 p.m.

KZ Companies is Spending $50M+ on Drugstore Builds

IRVINE, CA—Locally based KZ Companies has completed construction of two CVS/pharmacies in Long Beach and is in the process of building two Long’s Drugs in Hawaii. The total budget for the four projects was in excess of $50 million.

One Long Beach CVS, which opened Feb. 14, is located on Pacific Coast Highway and 2nd St. The 17,043-square-foot store has a total land area of 1.2 acres. The second CVS, located at Pacific Coast Highway and Los Coyotes Diagonal, opened March 9 and contains 14,576 square feet with a total land area of 1.5 acres.

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KZ Companies Completes Construction of Two CVS/Pharmacies

IRVINE, CA — KZ Companies is a full service commercial real estate development firm that specializes in shopping center development, has recently completed the construction of two CVS/pharmacies in Long Beach, Calif. One of the projects is located on Pacific Coast Highway and 2nd Street, and the store opened on Feb. 14. The store is 17,043 sq.ft., with a total land area of 3.92 acres. The second completed project is located at Pacific Coast Highway and Los Coyotes Diagonal, also in Long Beach. This store opened on Mar. 9 and is 14,576 sq.ft. with a total land area of 3.0 acres.

KZ Companies also has two Long’s Drugs projects under development in Hawaii. Although CVS/pharmacy bought Long’s Drugs in 2008, the Long’s Drugs stores in Hawaii keep the old name because of the high brand awareness. One of the Long’s Drugs locations is located in Honolulu at King and Young Street. The store will be 20,114 sq.ft. on a total land area of 1.57 acres. The store is estimated to be completed by May with an opening date in June. The second Long’s Drug project is located in Kapa’a, Kaui at Kuhio Highway and Aleka Loop. The store will be 23,008 sq.ft. on a total land area of 3.61 acres. The completion date is projected to be in October with an opening date in November.

The total budget for all four of these projects was in excess of $50 million.