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WATT STARTS $6 MILLION UPGRADE OF ALICIA TOWNE PLAZA IN S. ORANGE COUNTY

MISSION VIEJO, CALIF. — Watt Commercial Properties has committed more than $6 million for a complete renovation of the 150,000-square-foot Alicia Towne Plaza located at 24391-24491 Alicia Parkway in Mission Viejo. The phased redevelopment will include converting an existing Mervyns building into a smaller anchor space for L.A. Fitness and updating the façade treatment for the remainder of the south Orange County neighborhood center. Pursuant to the 15-year lease agreement with the privately owned health club chain facilitated by Wilson Commercial Real Estate, Watt Commercial will update the two-level, 83,857-square-foot former department store. L.A. Fitness will primarily occupy the lower floor when it opens in May. Architects Orange is bringing new life to Alicia Towne Plaza’s façade structure, and S.D. Deacon is serving as general contractor for the redevelopment project. All 22 retailers, including Dollar Tree, Subway and Wells Fargo, will remain open during construction.

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