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.