Capital and Counties

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Capital and Counties USA, Inc. (C & C) is a real-estate and investment company based in San Francisco, California. It is a wholly owned subsidiary of Liberty International PLC, one of the largest publicly traded property companies in the United Kingdom. Liberty International also owns Capital Shopping Centres, a leading UK shopping center company, and Capital & Counties PLC, a retail (non-mall) and office investment company.

Capital and Counties USA, Inc.
Type Public (subsidiary of Liberty International PLC)
Founded California, U.S.
Headquarters 100 The Embarcadero #300 San Francisco, California, U.S.
Area served U.S. West Coast
Key people Turner Newton (President)
Kathryn Kearney (Executive Vice-President)
Industry Real Estate Management
Employees 14 (2007)
Parent Liberty International PLC
Divisions C & C Development Group
Website CapCount-USA.com


Since 1995 C & C has grown from $145.9 million to over $750 million in 2007. Aggressive portfolio management during this time has been employed in order to optimize investor returns. On the acquisition side, C & C's primary focus has been on core-plus and value-add properties. Acquisitions and dispositions are not based on capital allocations or predetermined holding periods. Instead, investment decisions are made solely on the basis of optimizing the allocation of capital resources.


[edit] Investments

For the past three decades Capital and Counties USA, Inc. has followed an objective of owning high quality retail and office investment properties. The result is an exceptional portfolio of properties each of which enjoys a competitive advantage within its submarket. Examples of the properties, past and present, maintained by C & C are as follows:


Property Location Area (in square feet) Major Tenants
Serramonte Center Daly City, California 845,000 Macy's, Target, Mervyn's, Elephant Bar, Hollister Co., New York & Company
Willows Shopping Center Concord, California 253,000 Claim Jumper, REI, Old Navy, Cost Plus, Pier 1
Plaza Escuela Walnut Creek, California 154,000 Ruth's Chris Steakhouse, Men's Wearhouse, Ann Taylor Loft, Container Store, Title Nine
Marketplace Shopping Center Davis, California 113,000 Safeway, Longs Drugs, Big 5 Sporting Goods, Petco
Ghirardelli Square sold San Francisco, California 176,000 Ghirardelli Chocolate Company, McKormick & Kuleto, Sharper Image, Ana Mandara
Parkway Square sold Tukwila, Washington 98,000 Toys R Us, Magnolia Hi-Fi
Jackson Square sold Hayward, California 113,000 Safeway, Longs Drugs, 24 Hour Fitness, Starbucks, Taco Bell
222 Sutter Street San Francisco, California 127,000 Loehmann's, Mother Jones, Monster Worldwide
Pacific Financial Center Los Angeles, California 213,000 Cathay Bank, Charles Dunn Company
595 Colorado Pasadena, California 98,000 Bank of the West
The Senator Office Building Sacramento, California 171,000 California Housing Finance Agency, Advocation Inc., Los Angeles Times, San Francisco Chronicle, Heim, Noack, Kelly & Spahnn