DPI Acquires Norwalk Plaza Shopping Center in Norwalk, California
Santa Monica, CA. December, 2014 – DPI is pleased to announce the acquisition of Norwalk Plaza Shopping Center in Norwalk, California. Anchored by TJ Maxx and shadow-anchored by one of the top stores in the Northgate Gonzalez Markets chain, the center contains approximately 60,000 square feet in the heart of the densely populated and predominantly Hispanic Norwalk trade area. DPI plans a number of design upgrades to the center in 2015, and will evaluate the existing tenant mix to improve and strengthen operations. DPI closed the acquisition using internal company funds, and intends to put new financing in place during the 1st Quarter of 2015.
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