Portfolio

Ladera Center

Los Angeles, California


Market: Los Angeles

Type: Retail

Role: Equity Investor

Status: Completed in 2002; Sold in 2005

Neighborhood shopping center in Los Angeles that was repositioned and renovated.

Property Size                      

  • 186,800 square feet of retail space

Local Population Density  

  • 11,500 people/square mile

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 the 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. 

Awards & Honors

  • Earned Renaissance Award honors from the Los Angeles chapter of the Commercial Real Estate Women Network in 2001 for its contribution to the revitalization of Los Angeles.

 

 Walk Score:  85     |    Transit Score:  48     |     Bike Score:  53