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Corporate Profile for Alexander Haagen Properties Inc., dated June 7, 1996.


--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. .

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Published Date:   June 7, 1996


Company Name:     Alexander Haagen Properties Inc.


Address:          3500 Sepulveda Blvd.
                  Manhattan Beach, Calif. 90266


Main Telephone
 Number:          310/546-8253
Fax:              310/546-3396


Chief Executive
 Officer:         Alexander Haagen, Sr.


Chief Financial
 Officer:         Seymour Kreshek
Vice President of
 Finance:         Stuart J.S. Gulland


Investor Relations
 Contact:         Lori Schkud
 Business number: 310/546-8253


Trading Symbol:   ACH


Industry:         Real Estate


Market Makers:  NatWest Securities




Company description: Alexander Haagen Properties Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :ACH), one of America's leading developers of retail shopping centers, is a self-administered, self-managed equity real estate investment trust (REIT REIT

See: Real Estate Investment Trust


REIT

See real estate investment trust (REIT).
) with assets of more than $595 million.

The Manhattan Beach Manhattan Beach, city (1990 pop. 32,063), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1912. It is a residential and beach community with an oil refinery and nearby factories that produce transportation and electrical equipment, computers, and pottery. , Calif.-based company engages in the acquisition, development, redevelopment and management of shopping centers in California and other western states. Alexander Haagen Properties Inc. was established for the purpose of continuing and expanding the business and operations of The Alexander Haagen Company Inc. The 31-year-old firm, founded by Alexander Haagen, Sr., has been one of Southern California's largest and most successful shopping center developers.

Alexander Haagen Properties currently owns or controls 40 high-quality retail properties, primarily in Southern California, aggregating 8.5 million square feet and consisting of 14 neighborhood/community shopping centers, eight promotional/power centers, two enclosed malls and 16 single-tenant centers.

During 1994, the company acquired four properties aggregating 1.1 million square feet, two in Oregon and two in California. During 1995 the company expanded its media City Center property in Burbank, Calif., with the addition of a Virgin Megastore, CompUSA, Barnes & Noble Bookstore and ten additional AMC (Advanced Mezzanine Card) See AdvancedTCA.  Theaters. In July 1995 the company opened the first Magic Johnson 12-screen movie theater multiplex at its Baldwin Hills, Crenshaw cren·shaw   also cran·shaw
n.
A variety of winter melon (Cucumis melo var. inodorus) having a greenish-yellow rind and sweet, usually salmon-pink flesh.



[Origin unknown.]
 Plaza in Los Angeles. The company is currently engaged in various development and redevelopment projects with an estimated $35 million to be invested in the next 12 to 18 months, to be financed using its available $75 million line of credit.

CONTACT: Alexander Haagen Properties Inc.
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 7, 1996
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