Orrick Advises USAA in $1.1 Billion JV Acquisition of Five Westfield Malls


​On December 18, a joint venture comprising USAA Real Estate, Centennial Real Estate Company and Montgomery Street Partners, an affiliate of Blum Capital Partners, completed the $1.1 billion acquisition of five regional malls from Westfield. The regional malls are located in Milford, CT, Aurora, IL, Vernon Hills, IL, Santa Ana, CA and Vancouver, WA.

Orrick advised USAA on the acquisition of the properties and the related financing. The Orrick team was led by San Francisco partner Michael Liever and included tax partner Grady Bolding, senior counsel Chris Chavez and senior associates Dustin Calkins and Jacobus Machalow.