Size                      

• 186,800 square feet of retail space

Local Demographics  

• 11,600 people/square mile

• 73% of metro area median household income

Highlights

• Existing property in the Baldwin Hills/Ladera Heights district of Los Angeles that was built in 1965 and was underperforming at the time it was acquired.

• Anchored by Ralphs, Sav-on Drugs and Ross Dress-for-less. Other key tenants include Bath and Body Works, Starbucks, Magic Johnson TGI Friday’s and Wells Fargo Bank.

• Renovated the property to expand anchor tenant Ralphs’ space and to provide a safe, secure shopping experience consistent with shopper expectations. Significant upgrades were made to the property’s façade, signage and lighting.

• Improved merchandise mix so that selection and price points appealed to a broader customer base.

• Refurbished property became what the Los Angeles Times called “part community center, part social club” for area residents.