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Deals & Dealmakers

Eastern Real Estate partners with Atlas Capital Group and Rockpoint on SouthBay Pavilion in Carson, CA

Eastern Real Estate, Rockpoint, and Atlas Capital Group today announced the recapitalization of SouthBay Pavilion in Carson, California. The 605,000 square foot regional shopping center, anchored by IKEA, Target, and JCPenney, is located in the densely populated Los Angeles County. Immediately adjacent to Interstate 405, SouthBay Pavilion benefits from direct access to local and regional thoroughfares, including I-710, I-110, and Route 91. SouthBay Pavilion sits 13 miles south of downtown Los Angeles and proximate to the ports of Los Angeles and Long Beach, as well as the Los Angeles International Airport. In recent years, the city of Carson has experienced significant growth as families and professionals have moved to the region following an influx of new high technology and media companies.

“We are thrilled to yet again partner with Rockpoint and Atlas” said Toby Banta, Executive Managing
Director at Eastern Real Estate. “Our ongoing collaboration reflects our shared conviction in the future
growth in the South Bay area and greater Los Angeles region.”

SouthBay Pavilion is a tremendous addition to the team’s growing regional portfolio and offers exceptional upside potential. The venture plans to operate the existing shopping center while it
evaluates a potential repositioning.

This is the second venture between Eastern, Atlas, and Rockpoint in the Southern California area in the
past year. In June 2021, the partners acquired Eagle Rock Plaza, a 446,000 square foot retail property in
Los Angeles. Set on 22.2 acres and located at the intersection of the Glendale & Ventura freeways, Eagle
Rock Plaza represents a prime infill redevelopment opportunity.

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