9754 Rosecrans Avenue     Bellflower, California

Location

Southwest corner of Rosecrans Avenue and Bellflower Boulevard in the City of Bellflower, County of Los Angeles, California.

Project Overview

The property was a former ARCO gasoline station. At the time of acquisition the property was a vacant 25,470 square foot lot. The development consisted of a 5,350 square foot multi tenant retail center with an end cap drive thru. The tenants included Starbucks, gamestop, Robeks Juice and Wingstop.

Disclaimer: This property was purchased, developed, and leased under the leadership and supervision of Aaron Swerdlow, as a co-founder of Festival Development Partners, LLC. This is not an Equitas Investments, LLC project.

4725 E. 2nd Street     Belmont Shore, California

Location

Northwest corner of 2nd Street and Park Avenue in Belmont Shore, California.

Project Overview

The property was a former Unocal gasoline station. At the time of acquisition, the property was a vacant lot. The land size is 10,000 square feet.

The development included a 5,300 square foot multi tenant retail shopping center, which is leased to Chicos, T-Mobile, and We Olive.

Project Challenges

The property contained petroleum contamination in the groundwater and soil. During construction, we encountered significant petroleum impacted soil and groundwater, which required segregation, pumping and off-site disposal. The remedial activities were coordinated with Unocal at their cost.

The geotechnical study determined that the subsurface soils beneath the building footprint contained liquefiable layers, and required a structural slab. Consequently, the project required the installation of caissons as part of the building foundation design and construction.

Disclaimer: This property was purchased, developed, and leased under the leadership and supervision of Aaron Swerdlow, as a co-owner in the subject property. This is not an Equitas Investments, LLC project.

6598 Cherry Avenue     Long Beach, California

Location

Southeast corner of Cherry Avenue, City of Long Beach, Los Angeles County, California.

Project Overview

The property was a former Unocal gasoline station. At the time of acquisition, the property was a vacant lot. The land size is 15,575 square feet.

The development included a 3,900 square foot multi tenant retail shopping center, which was originally leased to 7-Eleven and Yoshinoya.

Project Challenges

The geotechnical study determined that the subsurface soils beneath the building footprint contained liquefiable layers, and required a structural slab.
The zoning on the property required a conditional use permit for 7-Eleven’s 24 hour operation requirement.

Disclaimer: This property was purchased, developed, and leased under the leadership and supervision of Aaron Swerdlow, as a co-founder of Festival Development Partners, LLC. This is not an Equitas Investments, LLC project.

5910 Del Amo Boulevard     Lakewood, California

Location

Southeast corner of Del Amo Boulevard and Woodruff Avenue in the City of Lakewood, County of Los Angeles, California.

Project Overview

The property was a former Shell gasoline station. At the time of acquisition, the property was a vacant lot. The land size is 22,200 square feet.

The development included a 4,800 square foot multi tenant retail shopping center with a drive thru end cap, which was originally leased to Starbucks, Wingstop, Robeks Juice, and Quiznos. After completion of the shopping center, the construction loan was replaced with long term permanent financing, which resulted in a significant reimbursement of the investor equity, and stabile passive income.

Project Challenges

The property contained significant petroleum contamination in the groundwater and soil. In addition, the source of the contamination was directly below the shopping center building footprint. Consequently, we developed and coordinated a remediation strategy that included installing a subsurface system below the building foundation during construction, which effectively cleans the subsurface contamination beneath the building slab after the building was constructed.

The drive through component of the building required a conditional use permit.

Disclaimer: This property was purchased, developed, and leased under the leadership and supervision of Aaron Swerdlow, as a co-founder of Festival Development Partners, LLC. This is not an Equitas Investments, LLC project.

505 North Broadway     Escondido, California

Location

Northwest corner of North Broadway and Woodward Avenue in Escondido, California.

Project Overview

At the time of acquisition the property contained an 11,486 square foot multi tenant retail/automotive repair building constructed in 1977. The building was in deplorable condition and was leased to low quality businesses including a church, hair salon, and an automotive repair shop. The existing leases expired within 2 to 4 years after the purchase date.

Following the acquisition, we negotiated buyouts with the existing tenants, performed a significant building remodel, and added 6 parking spaces to the site plan. The result included a completely renovated and functional retail shopping center, anchored by Dunn Edwards Paint.

Project Challenges

The zoning code required site plan and design review approval from the City’s Architectural Review Board.

The original building and site plan were functionally obsolete and required a complete transformation.

The zoning was modified and consequently prohibited the use of paint stores. Through diligent negotiations with the City, we obtained the necessary governmental approvals permitting a paint store use.

Disclaimer: This property was purchased, developed, and leased under the leadership and supervision of Aaron Swerdlow, as a co-founder of Festival Development Partners, LLC. This is not an Equitas Investments, LLC project.

4371 Crenshaw Boulevard     Los Angeles, California

Location

Northwest corner of Crenshaw Boulevard and Vernon Avenue in the City of Los Angeles, County of Los Angeles, California.

Project Overview

The property was a former ARCO gasoline station. At the time of acquisition, the property was a vacant lot. The land size is 17,400 square feet.

The development included a 6,000 square foot multi tenant retail shopping center, which we leased to Starbucks, Fuse Mobile, and Broadway Federal Bank.

Project Challenges

The property is located at the entrance to Leimert Park, a landmark historical district along the Crenshaw Corridor of Los Angeles, CA. Consequently, the redevelopment entitlements were extremely political and required the support from the City Council District 9 Office - Councilman Bernard Parks, and the local community groups. We were able to secure the necessary governmental approvals after extensive community outreach and high quality design and architecture.

Disclaimer: This property was purchased, developed, and leased under the leadership and supervision of Aaron Swerdlow, as a co-founder of Festival Development Partners, LLC. This is not an Equitas Investments, LLC project.

3018 Manchester Boulevard     Inglewood, California

Location

Northwest corner of Manchester Boulevard and Crenshaw Boulevard in Inglewood, California.

Project Overview

The property was a former Mobil gasoline station. At the time of acquisition the property was a vacant 18,000 square foot lot. The project included the development of two (2) buildings totaling 2,080 square feet and 2,980 square feet. The tenants included Fat Burger, 7-Eleven and H & R Block.

Project Challenges

A portion of the building was constructed over the former underground storage tank basin. After the tanks were excavated, Mobil backfilled the hole with pea gravel which was not structurally sufficient. Consequently, the entire backfill was excavated and re-compacted with suitable fill material. ExxonMobil agreed to provide an indemnity and cover all related costs.

Disclaimer: This property was purchased, developed, and leased under the leadership and supervision of Aaron Swerdlow, as a co-founder of Festival Development Partners, LLC. This is not an Equitas Investments, LLC project.

5035 W. Rosecrans Avenue     Hawthorne, California

Location

Northwest corner of Rosecrans Avenue and Ocean gate Avenue in Hawthorne, California.

Project Overview

The property was a former Shell gasoline station. At the time of acquisition, the property contained a vacant former service station building. The land size is 16,200 square feet.

The development included a 4,725 square foot multi tenant retail shopping center, which we leased to T- Mobile, Peninsula Insurance, and Beneficial Finance. After completion of the shopping center, the construction loan was replaced with long term permanent financing, which resulted in full reimbursement of the investor equity, and stabile passive income.

Project Challenges

The property contained petroleum contamination in the groundwater and soil. During construction, we encountered significant petroleum impacted soil, which required segregation and off-site disposal. The remedial activities were coordinated with Shell at their cost.

Disclaimer: This property was purchased, developed, and leased under the leadership and supervision of Aaron Swerdlow, as a co-founder of Festival Development Partners, LLC. This is not an Equitas Investments, LLC project.

4900 Palo Verde Boulevard     Lakewood, California

Location

Southeast corner of Del Amo Boulevard and Palo Verde Avenue in the City of Lakewood, County of Los Angeles, California.

Project Overview

The property was a former ARCO gasoline station. At the time of acquisition the property was a vacant 24,830 square foot lot. The project included the development of a 6,700 square foot multi tenant retail shopping center. The original tenants included It’s a grind, Advanced America and Swan Nails.

Disclaimer: This property was purchased, developed, and leased under the leadership and supervision of Aaron Swerdlow, as a co-founder of Festival Development Partners, LLC. This is not an Equitas Investments, LLC project.

3101 S. Peoria Boulevard     Aurora, Colorado

Location

Northwest corner of Parker Road and Peoria Street in the City of Aurora (Denver), Colorado.

Project Overview

The property included the assemblage of a former Texaco gasoline station and a car wash. At the time of acquisition, the property included a vacant Texaco building and car wash. The total land size is 53,000 square feet.

The development included a 12,300 square foot multi tenant retail shopping center, which was originally leased to Subway, Big City Burrito, Little Caesars, and Advanced America. After completion of the shopping center, the construction loan was replaced with long term permanent financing.

Project Challenges

The Project required site plan and design review approval from the City of Aurora Planning Commission.

Disclaimer: This property was purchased, developed, and leased under the leadership and supervision of Aaron Swerdlow, as a co-founder of Festival Development Partners, LLC. This is not an Equitas Investments, LLC project.

18503 Yorba Linda Boulevard     Yorba Linda, California

Location

Northeast corner of Yorba Linda Boulevard and Lakeview Avenue, in the City of Yorba Linda, Orange County, California.

Project Overview

The property was a former Shell gasoline station. At the time of acquisition, the property was occupied by an automobile repair business. The land size is 20,830 square feet and is situated on a pad in front of a Stater Brothers supermarket anchored neighborhood center.

The development included a 5,890 square foot multi tenant retail shopping center, which is currently leased to Coffee Bean and Tea Leaf, game Stop, AT&T Wireless, and Panda Express. After completion of the shopping center, the construction loan was replaced with long term permanent financing, which resulted in a significant reimbursement of the investor equity, and stabile passive income.

Project Challenges

The property contained significant petroleum contamination in the groundwater and soil. In addition, the source of the contamination was directly below the shopping center building footprint. Consequently, we developed and coordinated a remediation strategy that included installing a subsurface system below the building foundation during construction, which effectively cleans the subsurface contamination after the building was constructed. The zoning posed another challenge due to restrictive parking requirements for quick service restaurants. Consequently, we obtained a conditional use permit to allow less stringent parking requirements, which resulted in the ability to lease the entire building to quick service food restaurants.

Disclaimer: This property was purchased, developed, and leased under the leadership and supervision of Aaron Swerdlow, as a co-founder of Festival Development Partners, LLC. This is not an Equitas Investments, LLC project.

1551 W. 7th Street     Los Angeles, California

Location

Northeast corner of 7th Street and Union Avenue in the City of Los Angeles, County of Los Angeles, California.

Project Overview

The property was a former Shell gasoline station. At the time of acquisition, the property was a vacant lot. The land size is 11,750 square feet.

The development included a 3,600 square foot multi tenant retail shopping center, which was originally leased to Little Caesars Pizza, Metro PCS, and La Dolce Vita Bakery.

Project Challenges

The property contained significant petroleum contamination in the groundwater and soil. Consequently, we developed and coordinated a remediation strategy that included installing a subsurface system around the building in the parking lot, which effectively cleans the subsurface contamination after the building was constructed.

The zoning required pedestrian oriented development, which mandated the building to be constructed up to the property line on 7th Street with parking in the rear of the building. Consequently, in order to develop the project site plan with the parking lot in front of the building, a specific plan variance was required and obtained.

Disclaimer: This property was purchased, developed, and leased under the leadership and supervision of Aaron Swerdlow, as a co-founder of Festival Development Partners, LLC. This is not an Equitas Investments, LLC project.

3550 E. Southern Avenue     Mesa, Arizona

Location

Northwest corner of Southern Avenue and Val Vista in the City of Mesa, Arizona.

Project Overview

The property was a former Mobil gasoline station. At the time of acquisition, the property was occupied by a vacant former Mobil building. The land size is 40,000 square feet and was situated on a pad in front of a Basha’s supermarket anchored neighborhood center.

The development included a 7,600 square foot multi tenant retail shopping center with an end cap drive thru. The building was originally leased to Starbucks, Subway, Papa Murphy’s, and Airview Wireless.

Disclaimer: This property was purchased, developed, and leased under the leadership and supervision of Aaron Swerdlow, as a co-founder of Festival Development Partners, LLC. This is not an Equitas Investments, LLC project.