Development Criteria
Shopping Center Development Criteria
The who, what, where and how of Westco Development shopping center development.
Geographic Location Preference
Current emphasis on California and Connecticut, with long term strategy including
some of the western states (Arizona, Nevada, Idaho, and Mexico).
Submarket Priority
Urban In-Fill and Regional Mixed Use
Project Type/Preference
| Type | Size Range | Major Anchors |
| Neighborhood Center | 7-15 acres | Supermarket - Drug - Banks - Restaurants - Others |
| Community Center | 4-30 acres | General Merchandise - Supermarket-Drug - Others |
| Power Center | 30-100 acres | Multiple “Big Box” Users - Hotels - Office - Others |
Property Acquisition Conditions
Entitled – Anchor tenant commitments will be obtained
Unentitled – Zoning and entitlements will be secured by Westco Development; Anchor tenant commitments will be obtained by Westco Development.
Ownership – Single parcel ownership desirable. Assemblies and multiple parcel transactions acceptable.
Property Acquisition and Construction Financing
Preference – Financing is not a condition to close escrow.
Alternative – Joint venture with Westco Development (landowners/investors)
Desirable Property Attributes
Strong intersection – solid traffic counts
Property depth – minimum 500 feet
Property width – minimum 600-700 feet
Major utilities available to site
Topography supporting maximum GLA yield
Good visibility from arterials
Population – 3 mile radius – minimum 25,000
Note: Acreage that is undevelopable or rock formations not counted in land
value
Westco Development / Eastco Development
55575 Medallist Drive
La Quinta, 92253
Phone: (760) 564-0789 • (760) 574-2625
Email: