Optimus Properties, LLC, through an affiliate, and with financing provided by First Republic Bank, has acquired the land formerly occupied by El Rodeo nightclub, located at the corner of Washington Boulevard and Rosemead Boulevard, in Pico Rivera, California, immediately adjacent to the LA Fitness-anchored Pico Rivera Marketplace which is also a part of the Optimus portfolio.

Optimus plans to demolish the existing, blighted former nightclub, and revitalize this valuable, centrally-located property by creating a planned development encompassing attractive, modern residential units.

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