SOURCE: LRG Capital Group, LLC

LRG Capital Group, LLC

November 30, 2010 18:15 ET

LRG Capital Real Estate Partners Announce a 20,000 Square Foot Lease With Good Earth Organic & Natural Foods at the Fair-Anselm Plaza in Fairfax, California

LARKSPUR, CA--(Marketwire - November 30, 2010) -  LRG Capital Real Estate Partners I (LRG REP I), an affiliate of LRG Capital Group, is pleased to announce that it has signed a long-term lease with Good Earth Natural & Organic Foods (Good Earth) for a 20,000 square foot retail space located at 720 Center Boulevard, Fairfax, California in the Fair-Anselm Shopping Plaza. LRG REP I acquired a master lease and option to purchase the mixed-use shopping plaza in May 2010 and intends to complete its purchase in April 2011. The shopping center consists of approximately 66,000 square feet in four separate buildings located on 6.7 acres.

Good Earth will be relocating to the free-standing supermarket building which will be extensively remodeled. The Town of Fairfax, Good Earth and LRG REP I are working on preliminary plans for a sustainable redesign that will include daylighting (placement of windows allowing natural day light to provide effective internal lighting), construction of a clearstory (high windows to bring in outside light/fresh air), water conservation, greywater system, permeable asphalt, solar panels and many other ecologically sustainable concepts. The parties plan to complete the comprehensive remodeling project and be open for business by October 2011.

"LRG Capital Real Estate Partners are looking forward to working with Good Earth, a wonderful local company, and the Town of Fairfax to renovate the property with a sustainable focus. We believe that these improvements will fall in line with the community's preferences and will serve as a great resource for the residents and business owners of Fairfax and all of West Marin," said LRG Capital Group CEO Larry Goldfarb.

"The Good Earth lease is an important step to revitalizing the retail property that the LRGREP I controls on Center Boulevard on the eastside of Fairfax," said Geoffrey Koblick, one of the managers of the LRG Capital Real Estate Partners.

"There has been substantial planning in making all this possible, including a considerable effort by LRG Capital Real Estate Partners," says Partner Al Baylacq, one of four partners at Good Earth. "Both parties and the town agree on the importance of a high overall level of green-ness, and we all agree we share responsibility for doing what's best for our greatly involved community, especially Fairfax's business community. The renovation of the building will be very thorough -- a complete remarkable overhaul. We are proud to be partnered with LRG Capital Real Estate Partners, surely we will end up with something that all of Fairfax will be proud of."

The Fund primarily made direct, intermediate term equity investments in commercial properties located in the San Francisco Bay Area and, to a lesser extent, development and rehabilitation projects for office, retail, multi-family, light industrial and mixed-use properties. The Fund is co-managed by Evan Kraus, Executive Vice President of LRG Capital Group, Lawrence Goldfarb, CEO of LRG Capital Group, Geoffrey Koblick, a commercial real estate investor and manager for over 23 years, and Richard Hall, a commercial real estate manager and investor since 1999.

About LRG Capital Real Estate Ventures
LRG Real Estate Ventures invests in and advises on a wide range of equity financing solutions, from joint ventures with operating and development sponsors to direct, active investments through LRG Capital Real Estate Partners, involving commercial, multi-family, retail and light-industrial real estate properties.

About LRG Capital Group
LRG Capital Group ( is a global investment, banking and advisory boutique that focuses on public and private companies in the technology, life sciences, hospitality, real estate and entertainment sectors. Founded by Lawrence Goldfarb, the firm provides capital via private equity, commercial loans and structured debt financing, and guides and advises clients on mergers and acquisitions, corporate finance and other strategic alternatives. Based in Marin County with offices in New York, LRG Capital excels at relationship-focused guidance and financing.

About Good Earth Organic & Natural Foods
Good Earth Organic & Natural Foods is Marin County's oldest independently owned, full-service, community-based, natural and organic market. Good Earth is the most steadfast retailer for customers who want healthy flavorsome foods and useful household goods that are ecologically sound and based on generations of gentle and caring practices that improve and protect the Earth.

Good Earth in beautiful downtown Fairfax since 1969 has been continually offering our local community the finest organic foods we can procure. You won't find us listed on the New York Stock Exchange, nor are we going to open a store in neighborhoods all over the Planet. We simply want to sell our customers foods grown and processed using the radical but ancient concept, care. Often care takes a back seat to the pursuit of the almighty dollar. We feel that this is wrong and shortsighted. We offer foods grown and prepared using a minimum of processing and no chemical pesticides or food additives. If we cannot meet this ideal with a certain food item, we get as close as we can and make as much noise as we can to change it for the better. We always endeavor to remember that food contains spirit and true health.

Please visit our website at and find us on Facebook and Twitter.

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