RETAIL CENTERS Next Week the Largest Public Companies in the the LIST in Los Angeles; Ranked by Gross Leasable Area Los Angeles Area
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12 LOS ANGELES BUSINESS JOURNAL JULY 22, 2013 RETAIL CENTERS NEXT WeeK The Largest Public Companies in the THE LIST In Los Angeles; ranked by gross leasable area Los Angeles area Rank Retail Center Size Profile Anchors General Manager Owner/Developer ¥ name ¥ gross leasable ¥ number of stores ¥ name THE PACESETTER: The ¥ addressInsurance Charts area ¥ parking spaces ¥ headquarters largest retail center in (square feet) ¥ year opened ¥ phone Los Angeles County is Del Del AmoIn suFashionrance Center Charts 2,344,710 240 Burlington Coat Factory, Elena Butorac Simon Property Group Amo Fashion Center at 1 3525Clim Carson Stbing Up 12,500 JCPenney, Macy's, Marshalls, Indianapolis 2.3 million square feet. TorranceNatio 90503nwide premiums earned by the property/cas1975 Sears, T.J.ua Maxx,lty AMC in Theatresurance sector. (in(317) 636-1600 The Torrance mall, owned LakewoodClim Centerbing Up 2,042,295 270 Macy's, Target, Forever 21, Doug Roscoe Macerich Co. by Simon Property Group 2 500 LakewoodNbillioations nwCenter) id Malle premiums earned by the property/cas9,814 Costco, JCPenneyualty insurance sector. (inSanta Monica Inc., has a 91 percent Lakewood$348 90712 388 413 418 436 439 4381951 422 420 433 335* (310) 394-6000 occupancy rate, according Westfieldbillio Topangans) 1,578,567 282 Macy's, Nordstrom, Target, Chuck Martinez Westfield LLC to the company’s latest 3 66002002 Topanga Canyon2003 Blvd. 2004 2005 2006 2007 20086,113 Nieman200 Marcus,9 2010 Sears 2011 2012 Century City annual report. Earlier this Canoga$348 Park 91303 388 413 418 436 439 4381964 422 420 433 335* (310) 478-4456 year, the mall began a Northridge2002 Fashion 2003 Center 2004 2005 20061,510,884 2007 2008170 JCPenney,2009 Macy's, 2010 Macy's 2011 Daniyel2012 John General Growth Properties Inc. massive renovation that 4 9301Pr Tampaop Ave.erty Income 7,000 Men's & Home, Sears, Pacific Chicago is expected to cost at NorthridgePrope 91324rty/casualty insurance industry net1971 incoTheaters,me af Sportster Authority taxes. (in billions) (312) 960-5000 least $200 million and GlendalePr opGalleriaerty Income 1,463,221 250 JCPenney, Macy's, Larry Martin General Growth Properties Inc. will include a new parking 5 100 W.Prope$3 Broadway, rt29.9y/ Suiteca 700su36al ty in43su ranc63.7e in du61.9stry ne36,200t incoBloomingdale's,28.7me af te34.7r Target ta xe-19.2s. (in bi27llio* ns) Chicago deck, new Nordstrom, and Glendale2002 91210 2003 2004 2005 2006 2007 20081976 2009 2010 2011 2012 (312) 960-5000 demolition and rebuilding Westfield$3 Santa29.9 Anita 36 43 63.71,441,710 61.9 3 255 JCPenney,28.7 Macy's,34.7 Nordstrom, -19.2 Ramon27* Oseguera Westfield LLC of the northern section of 6 400 S.2002Resu Baldwin lt Ave.,s2003 fo Suiter th 3212e004 firs t 200three5 qu2006arte rs2007 thro ug20086,800h Sept AMC200 Theatres. 30,9 20102012. 2011 2012 Century City the mall. ArcadiaSource: 91007 Insurance Information Institute1974 (310) 478-4456 BurbankResu Townlt Centers for the first three qu1,240,000arters throug140h SeptIkea, Macy's,. 30, Sears,2012. Bed Bath & Mike Keurjian Crown Realty & Development Inc. 7 201 E.Source: Magnolia Blvd., Insurance Suite 151 Information Institute5,714 Beyond Irvine TOPANGA PROJECT: The Burbank 91501 1991 (949) 476-2200 Los Angeles City Coun- Antelope Valley Mall 1,196,000 130 Dillard's, Macy's, JCPenney, Michael Scott Forest City Development cil last month voted to 8 1233 Rancho Vista Blvd. 5,500 Sears, Forever 21 Cummings Cleveland approve a plan to grant Palmdale 93551 1990 (216) 621-6060 tax breaks to Westfield Westfield West Covina Empty Space 1,180,455 212 JCPenney, Macy's, Sears, NA Westfield LLC 9 112 Plaza Drive Los Angeles County industrial 6,041 Nordstrom Rack, Best Buy Century City Group LLC to help speed vacancy rates for the first up construction of its Vil- West Covina 91790 Emptyquarter .Space 1975 (310) 478-4456 lage at Westfield Topanga Los Cerritos Center Los Angeles County industrial1,143,613 208 Macy's, Nordstrom, Sears, Andy Cook Macerich Co. vacancCentraly L.A. rates for the first 3.5% 10 239 Los Cerritos Center 6,708 Forever 21 Santa Monica project. The move would quarterMid-Counties. 4.8 grant Westfield up to $60 Cerritos 90703 1971 (310) 394-6000 CentralNorth Los L.A. Angeles 3.5%4.5 million in tax breaks over Puente Hills Mall 1,099,299 140 AMC Theatres, Burlington Coat Ken Mason Glimcher Realty Trust Mid-CountiesSan Gabriel Valley 4.85.6 25 years, but help get the 11 1600 S. Azusa Ave., Suite 248A 6,539 Factory, Macy's, Sears, Forever Columbus, Ohio NorthSouth Los Bay Angeles 4.55.6 project completed within City of Industry 91748 1974 21, Toys 'R' Us/Babies 'R' Us (614) 621-9000 Source:San JonesGabriel Lang LaSalleValley Inc. 5.6 three years. Westfield Valencia Town Center 1,066,557 215 Macy's, SearsFund Managers Raj Chandani Westfield LLC South Bay 5.6 The number of companies 12 24201 W. Valencia Blvd. 3,800 managing mutual funds in the Century City Valencia 91355 Source: Jones Lang LaSalle Inc. 1992 FundU.S. Managers (310) 478-4456 Rental Rates The number of companies CENTURY CITY: Westfield Culver City 1,053,226 173 JCPenney,9,000managing Macy's, mutualTarget, funds Best in theDon Ziss Westfield LLC 6000 Sepulveda Blvd. Los Angeles County first quarter 4,452 Buy, H&M Century City The Metropolitan 13 industrial asking rates per U.S. Culver City 90230 Rental Rates 1975 8,800 (310) 478-4456 Transportation square foot. 9,000 South Bay Pavilion Los Angeles County first quarter1,017,047 81 Ikea, JCPenney, Sears, Target Julie Cruz Vintage Real Estate Authority plans to expand industrialCentral L.A. asking rates per$0.53 8,600 8,800 the Purple Line subway 14 20700 Avalon Blvd. squareMid-Counties foot. 0.49 4,881 Los Angeles Carson 90746 1973 8,400 310-979-9090 from its current terminus CentralNorth Los L.A. Angeles $0.530.56 8,600 Retail Centers List/silkin1st at Wilshire Boulevard Long Beach Towne Center Mid-CountiesSan Gabriel Valley 1,012,6900.490.42 83 Edward's Theater, Lowe's, Kindy Hohman CREA/PPC Long Beach Towne Charts 15 7200-7700 Carson Blvd. 4,456 Sam's Club,8,200 Wal-Mart Center PO LLC and Western Avenue. The NorthSouth Los Bay Angeles 0.56 8,400 Retail Centers List/silkLong Beachin1st 90808 1998 Long Beach extension would bring a Consumer Economy Source:San JonesGabriel Lang LaSalleValley Inc. 0.42 8,000 Charts 8,200 (562) 938-1722 stop near Westfield’s Annual U.S. retail sales. (in trillions) South Bay 0.56 ’08 ’09 ’10 ’11 ’12 $3.13 3.26South Bay3.46 Galleria 3.69 3.88 4.00 959,2473.94 140 Nordstrom, Macy's, Kohl's Keith Geiger Forest City Enterprises Inc. Century City mall. Consumer Economy 8,000 3.63 16 3.841815 Hawthorne4.14 Blvd.4.35 Source: Jones Lang LaSalle Inc. 5,500 Cleveland Annual2002 U.S. retail2003 sales . (in2004 trillions) 2005 2006 2007 2008 ’08 ’09 ’10 ’11 ’12 $3.132009 3.262010Redondo 3.462011 Beach 902783.692012 3.88 4.00 3.94 1985 (216) 621-6060 3.63 3.84 4.14 4.35 Consumer Economy Source: U.S. CensusStonewood Bureau Center 931,000 165 JCPenney, Macy's,Plan Sears, ParticipantsNA Macerich Co. Annual U.S. retail sales. 2002 2003 2004 2005 2006 2007 2008 The number of largest meeting 2009 17 2010251 Stonewood2011 St. 2012 4,663 Kohl's Santa Monica (in trillions) Spending MoneDowneyy 90241 1958 and banquet spaces across (310) 394-6000 Consumer Economy SourcePer capita: U.S. personal Census Bureauincome in California. PlanLos Angeles Participants County: $5.0Annual U.S. retail sales. $34,975 36,887Beverly Center38,731 41,518 43,211 44,003 884,000 160 Bloomingdale's,The Macy's number of largestRalph meeting Barnes1 Taubman Co. Downtown 13 (in trillions) Spending41,034 18 Mone41,8938500y Beverly43,647 Blvd. 44,980 3,000 and banquet spaces across Bloomfield Hills, Mich. 4.6 Per capita personal income in California. LosWe stsideAngeles County: 10 $5.0 2003 2004 2005 2006 2007 2008 2009 $34,975 36,887Los Angeles38,731 90048 41,518 43,211 44,003 1982 (248) 258-6800 1000 2010 2011 2012 DowntownSouth Bay 137 4.2 41,034Source : U.S. Depar41,893Westfieldtment of43,647 CenturyCommerce City44,980 881,519 155 Bloomingdale's, Macy's, David Burke Westfield LLC 4.6 50000 WeSanstside Fernando Valley 107 2003 1919 200410250 Santa2005 Monica 2006 Blvd. 2007 2008 2009 2,491 Gelson's, AMC Theatres Century City 2010 2011 2012 SouthSan Gabriel Bay Valley 76 1000 3.8 Los Angeles 90067 1964 (310) 478-4456 800 4.2 Source: U.S. Department of Commerce 50000 SanAirport Fe rnando Valley 75 Westfield Fashion Square 46000 857,643 144 Bloomingdale's, Macy's Molly Unger Westfield LLC 3.4 SanHollywood Gabriel Valley 61 3.8 20 14006 Riverside Drive 3,914 Century City 800 AirportCommerce 51 600 3.0 Sherman Oaks 91423 46000 1961 (310) 478-4456 3.4 Hollywood 1 ’08 ’09 ’10 ’11 ’12 Fallbrook Center 42000 856,387 42 Kohl's, SportBed Chalet, Time Target, Daniyel John General Growth Properties Inc. The Commercenumber of overnight visitors 1 600 Source: U.S. Census Bureau 21 6633 Fallbrook Ave. 5,300 Home Depot, AMC Theatre Chicago 3.0 to L.A. County. (in millions) 400 ’08 ’09 ’10 ’11 ’12 West Hills 91307 42000 1966 Bed Time (312) 960-5000 38000 The30 number of overnight visitors Source: U.S. Census Bureau Baldwin Hills Crenshaw Plaza 850,000 143 Macy's, Sears, T.J.