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LOS ANGELES — Watt Commercial Properties has completed a $14 million redevelopment of Palo Woods Shopping Center, encompassing the entire nine-acre property in the Harbor City area of Los Angeles. Watt converted the existing 77,000-square-foot Kmart building into two separate retail spaces, which will be occupied Ross Dress for Less and LA Fitness. Wilson Commercial Real Estate represented the developer in the respective 29,105-square-foot and 44,000-square-foot lease deals. Watt is also developing two new retail pads to front Sepulveda Boulevard.