MILESTONES
October, 2008
Terramar Retail Centers acquires the El Paseo de Saratoga, a 340,979 sf open-air retail and entertainment center in San Jose, California. The center is located at the intersection of Saratoga Avenue, Campbell Avenue and Quito Road and is anchored by a 62,190 square foot Lucky supermarket, a 45,000 square foot REI, a 14-screen AMC theatre, Petco and Office Max.
May 2007
GMS announces company name change to Terramar Retail Centers. Terramar Retail Centers brand announcement to kick-off at ICSC Las Vegas. Same talent, same stability, same focus, same number…new name!
April 2007
State Pension Fund Investor commits $750 million investment. The re-capitalization is ear-marked for the expansion of the shopping center portfolio in the United States and to launch pursuit of acquisition and development opportunities in the global marketplace.
January 2007
Stephen Bowers, Chief Operating Officer since 2004, named President and Chief Executive Officer.
HISTORY
December 2005
GMS sells four properties during 2005 in separate transactions. Murrieta Plaza’s Phase I delivers and Golden Valley Ranch grading begins.
December 2004
GMS sells six properties during 2004 valued at more than $170 million dollars. The Company enters into an option agreement with the Port of San Diego to redevelop the historical site known as the Old Police Headquarters located in downtown San Diego, California.
December 2003
GMS acquires the managing interest in Seaport Village, a landmark retail property located along the waterfront in downtown San Diego, California. Construction begins on Murrieta Plaza.
December 2002
GMS acquires sixteen properties during 2001 and 2002 and its portfolio totals 28 assets of approximately 4.2 million square feet.
February 2000
In a transaction valued at nearly $300 million, GMS forms an entity level partnership with Principal Enterprise Capital ("PEC"), a leading institutional real estate asset manager. PEC is a venture of Principal Capital Management, a division of Principal Financial Group (NYSE - PFG).
March 1999
GMS owns 21 shopping centers comprised of approximately 3 million square feet and manages an additional 11 assets on behalf of third-party clients.
December 1997 In its first 15 months, GMS acquires 16 assets consisting of approximately 2.35 million square feet.
October 1996 GRA and Morgan Stanley Real Estate fund form GMS Realty, LLC ("GMS"), a fully integrated operating company established to acquire, develop, re-develop, lease and manage grocery anchored neighborhood and community shopping centers in the western United States.
October 1995
Gerrity Realty Advisors ("GRA")completes the sale of a 10 retail asset portfolio to Koll-Bren Realty Advisors and retains property management and leasing responsibilities.
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