Description: Power Center anchored by Target, JCPenney, Sears, PetSmart, CVS, Vons, 24 Hour Fitness, Cost Plus World Market
Location: Whittier, California
GLA: 820,000 SF
Land Size: +/- 67 Acres
Equity Partner: LNR Property Corporation
Redevelopment of Existing Mall
Whittwood Mall was originally built in the late 1950’s as an open-air shopping center and was later converted into an enclosed mall in 1979. When Hopkins Real Estate Group, in partnership with LNR Property Corporation, acquired Whittwood Mall in 2002, the property was a functionally obsolete mall and neighborhood center located on a major thoroughfare. In an effort to sell the property, the owner had been in and out of escrow with three different buyers. A local broker, with whom Hopkins Real Estate Group had an established relationship, sourced the opportunity.
The Company demolished the mall interior and added approximately 40,000 square feet of new GLA to create an open-air town center with new retailers, specialty shops and restaurants connected by plazas, green spaces and a walking path. Whittwood Town Center features anchor tenants such as Sears, JC Penney, Target, Vons, CVS Pharmacy, 24-Hour Fitness, CostPlus, Kohl’s, PetSmart and over fifty stores and restaurants. The project also included a mixed-use residential component with 126 upscale for-sale townhome units. This project was sold to Morgan Stanley in 2007.
