News
Partnering Up For Pacific City
July 25, 2016
Pacific City
DJM Capital Partners and the real estate division of TIAA Global Asset Management are joining forces to manage Huntington Beach's Pacific City Shopping Center.
The 190,900 SF, Class-A retail destination was developed by DJM Capital Partners, which acquired the site four years ago.
The shopping center opened last December.
TIAA bought a 70% stake in the mall, purchasing the interest of DJM Capital Partners’ former partner, a private investor. An affiliate of DJM Capital Partners is retaining about a 30% stake, according to GlobeSt.
DJM Capital Partners plans to stay in charge of leasing and Pacific City's property management. [GS]
