Pacific Retail Capital Partners, in a joint venture with an investment partner, completed the acquisition of a portfolio of three regional malls totaling approximately 2.8 million square feet. The three shopping centers – The Galleria at White Plains, NY; Northpark Mall in Ridgeland, MS and The Esplanade in Kenner, LA – have a combined value in excess of $200 million. They are well-located commercial real estate properties in substantial markets and offer the opportunity to improve performance through a program of active management, capital improvements and community-focused leasing.
An Orrick team led by Olga Sirodoeva, a partner in the firm’s Washington, D.C. office, advised the buyer. Additional assistance was provided by real estate partner Marshall Brozost, corporate attorney Maria Sergeyeva and senior paralegal David Burkhart, as well as others at Orrick.
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