TJ Maxx
Retail Store
CLOSE OF ESCROW - 2/15/08
1401 Hawthorne Blvd.
Redondo Beach, CA
$12,150,000

The subject property is a well located retail building in Redondo Beach, with a new T.J. Maxx lease. The site is at the NWC of Hawthorne Blvd. & 182nd St. adjacent to a Ralph’s Supermarket and The South Bay Galleria (Nordstrom, Robinson-May, Mervyn’s, Macy’s, Target). The Hawthorne Blvd. retail corridor is widely recognized as one of Southern California’s best, attracting national and regional retailers including CompUSA, AMC Theaters, Walgreens Drugstore, Rite Aid Drugs, CarMax, DSW, Expo, Guitar Center, Men’s Warehouse, Wickers Furniture, So. Bay BMW, Cadillac, Hummer, Coco’s, Sizzler, Jack In The Box and many more.

Tenant: TJ Maxx of CA, LLC
TJ Maxx was founded in 1976 and is the largest off-price retailer of apparel and home fashions in the U.S. TJ Maxx offers brand name family apparel, giftware, home fashions, women’s shoes, and lingerie, and emphasizes accessories and fine jewelry, at prices 20 - 60% below department and specialty store regular prices. TJ Maxx, operated 800 stores in 48 states at the end of 2005. The company employs approximately 40,000 associates.The average store size of a TJ Maxx store is approximately 30,000 SF. TJ Maxx of CA has a net worth of $350 Million.