News | Press Releases | Immediate Release

March 8, 2003 For More Information:
Joy Lutes 877.846.7760
Clark Realty Builders Sponsors Serra Mesa Little League's 2003 Season
Clark thanked for support on opening day

Clark Realty Builders Sponsors Serra Mesa Little League's 2003 Season
SAN DIEGO — The 2003 Serra Mesa Little League opened this year's baseball season with a new corporate sponsor. The Little League thanked their largest sponsor, Clark Realty Builders (CRB), during the opening day celebration.

The Little League fields lie adjacent to The Village at Serra Mesa, a 900-unit townhome community that CRB is currently constructing for members of the U.S. Navy, Marines, and their families. Several hundred existing units at the Cabrillo Heights Navy Housing complex have been demolished to make room for the new neighborhood.

The Village at Serra Mesa is part of an innovative public/private venture (PPV) with the Department of the Navy designed to relieve the current military housing shortage by utilizing the resources of private markets. The Navy's partnership is with Lincoln/Clark, a joint venture between Clark Realty Capital of Bethesda, Md., and Lincoln Property Company of Dallas.

"We're happy to give something back to the community," said Joe Schafstall, Clark's development manager. "We appreciate that Serra Mesa has embraced our new project with open arms." Schafstall noted that the foundations of the new units are underway and framing will begin in a few weeks. As the existing housing buildings are being demolished, some of the Cabrillo Heights residents are moving to the new 500-unit Village at NTC, another CRB project for the Department of the Navy. The Village at NTC will be complete this year.