LBG to Invest $12M in 420K-SF Medford Center

LBG Real Estate Cos. LLC has unveiled plans to renovate 30,000 square feet of retail and restaurant space in the 420,000-square-foot Medford Center in Medford, OR, which will be called Village at Medford Center. The Los Angeles-based developer’s $12 million investment will include a redesign of the central pedestrian promenade, as well as a reconfiguration of space geared toward restaurants, wine bars and breweries. Construction is scheduled to begin late this month, with completion anticipated by the end of next year.

Medford Center, a regional entertainment and lifestyle center, is just off Interstate 5, and is straddled by Biddle Road and Crater Lake. LBG acquired the 37-acre shopping center in November 2014, and it is currently 90% occupied.

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