Inversiones Las Américas, LLC, an affiliateof our business group, acquired the neighboring Montemar Plaza shopping center,located at the intersection of Calaf and Federico Costa streets. It features70,000 square feet of leasable space and 22 tenants, including a supermarket,several fast-food outlets, restaurants, a laundry facility, medical offices,and other amenities.
Inversiones Las Américas will continue tomanage this excellent property, building on what already exists with theexpertise of other affiliates within the group in the management of shoppingcenters and office buildings. We are excited about this new chapter forMontemar Plaza because of the opportunities for growth and improvements itrepresents for tenants and visitors who have made this shopping center anattractive destination for shopping and dining.