SOURCE: C.W. Clark, Inc.

February 05, 2007 16:05 ET

First Merchants Open Feb. 9 at Marketplace at Liberty Station

Opening Ceremonies Start at 7:30 a.m. for Trader Joe's and Starbucks

POINT LOMA, CA -- (MARKET WIRE) -- February 5, 2007 -- The first shops and restaurants are set to open Friday, Feb. 9, at the $50 million Marketplace at Liberty Station, where old military barracks in the former Naval Training Center in Point Loma are getting a new lease on life from developer C.W. Clark, Inc. www.cwclarkinc.com

Trader Joe's and Starbucks are the first of several major tenants coming to the 160,000-square-foot Marketplace retail and office center off Rosecrans Street in San Diego. Opening ceremonies start at 7:30 a.m. Friday. The event is open to the public and media coverage is invited.

Measuring more than 13,000 square feet, the Trader Joe's store is a renovation of three different historical structures into one new space. Among the original architectural elements retained are wood trusses on the 20-foot ceilings and a handful of stoic columns in a portion of the cavernous building that through the decades has served as classrooms, barracks, laundry, brig and credit union for military personnel.

The Marketplace mixed-use center is located in the Historic Core of the 361-acre Liberty Station (www.libertystation.com) -- the City of San Diego and The Corky McMillin Companies' highly successful redevelopment of the 75-year-old former military base that includes a blend of residential, retail, business, recreational, artistic, cultural and educational developments.

For the Marketplace, C.W. Clark, Inc., a La Jolla-based commercial real estate development company, is transforming three two-story buildings, originally built in 1932 to house Navy recruits, and one single-story building, originally the service mall, into a thriving urban shopping center with second-floor office space.

In addition to Trader Joe's and Starbucks, the Marketplace is approximately 60 percent leased, with Sammy's Woodfired Pizza, Panera Bread, Cold Stone Creamery, Postal Annex, La Salsa Fresh Mexican Grill, the Point Loma Boardroom and the Navy Federal Credit Union among tenants coming onboard before summer fades.

According to Craig Clark, president and CEO of the award-winning development company, a team of experts has been taking painstaking efforts to preserve and renovate existing historic buildings to create one of Liberty Station's most visually stunning landmarks and community touchstones.

C.W. Clark, Inc. is handling leasing and property management of the Marketplace at Liberty Station. For information, contact Tami Daiber, RPA, Director of Asset Management, at 858-452-7170.

Contact Information

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    Jan Percival
    Scribe Communications
    858-452-8958