Coreland Companies Awarded Nearly 1.2 Million SF Retail Management Portfolio by Watt Properties

Coreland Companies was awarded a contract by Watt Properties, a division of Watt Companies, to manage a large portfolio of neighborhood retail properties located across Southern California totaling nearly 1.2 million square feet. The portfolio encompasses 12 retail properties that are located in Orange, Los Angeles and Riverside counties. End Quote

Orange County, CA (1888PressRelease) March 09, 2012 - Coreland Companies of Tustin, Calif., one of the largest private real estate service companies based in California, was awarded a contract by Watt Properties, a division of Watt Companies, to manage a large portfolio of neighborhood retail properties across Southern California totaling nearly 1.2 million square feet. The portfolio encompasses 12 retail properties that are located in Orange, Los Angeles and Riverside counties. Watt Properties is a leader in developing, redeveloping and managing community shopping centers in urban markets.

"Coreland has built a reputation as a high quality, institutional real estate manager with the capacity to absorb and effectively manage large portfolios," said Chris Hite, president of Coreland Companies."We focus on creating value and positioning assets in a manner consistent with each owner's strategic objectives."

"We have been very impressed with how quickly Coreland Companies was able to focus on the portfolio and address key issues," said Allison Lynch, vice president, asset management of Watt Companies. "The transition has been seamless."

Since its formation in 1990, Coreland has established itself has a leader in institutional real estate management, especially in the retail sector. The firm has a proven track record in maintaining and enhancing retail asset value and provides institutional clients with large portfolios an extensive and efficient infrastructure already in place. Coreland's retail real estate management experts and staff provide expertise and leadership.

"Our success with both institutional and privately owned clients is a testament to the quality of our real estate managers and our ability to achieve and maintain operational excellence for the properties and clients we serve," noted Cheryl Todd, Coreland's vice president of real estate management.

The Watt portfolio includes:

ORANGE COUNTY
Alicia Towne Plaza (149,328 sq. ft.) 24391-24491 Alicia Parkway in Mission Viejo
Edinger Plaza (145,143 sq. ft.) 7490-7664 Edinger Ave., Huntington Beach
Canyon Village Plaza (112,441 sq. ft.) 5711-5799 E. La Palma Ave., Anaheim
Anaheim Towne Center (106,140 sq. ft.) 100-290 W. Lincoln Ave., Anaheim
La Habra Towne Center (92,891 sq. ft.) 1231-1465 W. Whittier Blvd., La Habra
Landmark Plaza (79,979 sq. ft.) 8851-8965 Atlanta Ave., Huntington Beach
Magnolia Plaza (59,650 sq. ft.) 9029-9121 Garfield Ave., Fountain Valley

LOS ANGELES COUNTY
Santa Fe Springs (175,364 sq. ft.) 7810-7930 Norwalk Blvd. & 11125-11233 Washington Blvd., Whittier
Norwalk Plaza (116,371 sq. ft.) 11660-11790 Firestone Blvd., Norwalk
Van Nuys (72,647 sq. ft.) 7221-7239 Van Nuys Blvd., Van Nuys
La Verne Center (24,468 sq. ft.) 1480 Foothill Blvd., La Verne

RIVERSIDE COUNTY
Riverside Towne Center (53,484 sq. ft.) 10225-10281 Magnolia Ave., Riverside

About Watt Commercial Properties
With over two million square feet of core retail space in 39 shopping centers located largely in Southern California, Watt Commercial is a leader in developing, redeveloping and managing neighborhood and community shopping centers in urban markets. Most of Watt's centers are grocery and drug store-anchored and include a strong mix of independent, regional and national chain retailers. Watt Commercial is a division of Watt Companies, a diversified real estate company that, over the past 60 years, has developed over eight million square feet of industrial and office space, and built more than 50 shopping centers, homes for over 100,000 families, three first class hotels and six major master-planned communities. For more information, visit www.wattcompanies.com.

About Coreland Companies
Coreland Companies is a full-service commercial real estate company with expertise in retail, office and industrial properties. Coreland Companies is based in Tustin, California with offices in Utah and throughout Southern California. For more information, please call the company's headquarters at (714) 573-7780

or visit www.coreland.com.

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