IRVINE, Calif., March 1 /PRNewswire/ -- REZA Investment Group Inc.
 completes the sale of two Wal-Mart anchored shopping centers, totaling nearly
 $200 million during the last 30 days.
     The latest sale involved the newly constructed Shoppes at South Bay, which
 sold for $55,500,000, and is anchored by a 147,000 square foot Wal-Mart.
 Cumulatively, the property consists of a total of 196,965 square feet retail
 space, of which 25% of the total gross leasable area is composed of retail
 shop tenants.
     REZA Investment Group Inc. represented Cypress Equities, the acquisition
 and development affiliate of Staubach Retail.  REZA's Team members Reza
 Etedali, Brian Garrigan, Terry Bortnick and Aaron Bettencourt handled this
 sale.  The buyer, a local private investor, was represented by Tom Nguyen of
 NAI Capital.
     The sale comes on the heels of REZA's sale of the 850,000 square foot
 Wal-Mart anchored Baldwin Hills Crenshaw Plaza which sold for almost
 $140,000,000 in February.  "Both assets included Wal-Mart in the sale which is
 very rare.  We received tremendous response from both private and
 institutional groups on both assets.  Baldwin Hills Crenshaw Plaza was sold to
 a major pension fund advisor from Chicago and Shoppes at South Bay was sold to
 a private investor who was willing to meet the seller's expedited timelines to
 close the transaction," said Reza Etedali, CEO and Founder of REZA Investment
 Group Inc.
     "The strong interest in the two assets shows us that investors have a very
 strong appetite for Wal-Mart anchored centers in infill locations and the
 significant draws that the Wal-Mart is creating, despite some of the
 controversy and concerns over Wal-Mart's impact on other retailers, it is
 notable that the Wal-Mart is actually having a positive impact on adjacent
 retailers.  This was clearly the case in Baldwin Hills Crenshaw Plaza where
 tenant's sales more than doubled after Wal-Mart opened two years ago," said
 Terry Bortnick, President of REZA Investment Group Inc. and former national
 Director of Anchor Leasing for Pan Pacific Retail Properties, Inc.
 
     REZA Investment Group Inc., based in Irvine, California, is the leading
 retail investment advisory firm with a multi-billion dollar transaction
 record.  The firm's resources are focused exclusively on retail investors and
 their specialized assets and have a transaction history that ranges from high
 profile malls to neighborhood shopping centers.  REZA Investment Group Inc.'s
 business model and transactions have been nationally recognized.
     REZA Investment Group sets the standard for the industry and inspires
 others to be their best by raising the bar on client service and transaction
 management.  We cultivate solid relationships built on a foundation of trust
 and integrity.  Our focus is to create the highest value for our clients by
 continually uncovering exceptional opportunities.  For more information,
 please visit our web site at: www.rezacompanies.com.
 
     ABOUT CYPRESS EQUITIES
     Formed in 1995, Cypress Equities is the acquisition and development
 affiliate of Staubach Retail.  A part of The Staubach Company, Staubach Retail
 provides a full range of services including brokerage, development, capital
 solutions, consulting and managed services to both retail users and retail
 owners of real estate.  Cypress Equities focuses on projects ranging in scope
 from mid-sized (15,000 square feet or larger) to large-scale (1,000,000 square
 feet or larger) retail centers.  With development offices in Dallas, Atlanta,
 New York, Phoenix and San Francisco, it is an independent company with a
 dedicated staff that focuses on portfolio acquisitions, build-to-suits,
 project development, sub-investment grade sale-leasebacks and other
 development services for retail and automotive property.  Cypress Equities
 currently has approximately $800 million worth of projects in its portfolio.
 
     Contact:  Desiree Hernandez
               Director of Marketing
               REZA Investment Group, Inc.
               949.271.1169
               desiree@rezacompanies.com
 
 

SOURCE  REZA Investment Group Inc.

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