Hodgdon Group Retained as Developer & Design-Build Contractor for Major Renovation / Expansion of Former Circuit City in Laguna Hills

LAGUNA HILLS, CA – October 14, 2011 – (RealEstateRama) — The Hodgdon Group, a full-service real estate brokerage, development and construction firm, announced that the firm has completed the entitlements and has commenced construction on the renovation and expansion of the former Circuit City building located at 24001 El Toro Road in Laguna Hills, California. The former Circuit City will be expanded to make way for a fully-remodeled 51,000-square-foot retail building to include a 33,000-square-foot Ashley Furniture HomeStore, and a 4,000-square-foot Chick-fil-A restaurant with drive-thru on an outparcel. Hodgdon Group is serving as the fee developer, contractor and master leasing broker for the redevelopment project. Hodgdon Group also negotiated the site acquisition. This project represents one of the larger retail redevelopment projects in Orange County and is expected to be completed in March 2012.