1. Green Acres Mall in Valley Stream, N.Y.: $500 million
Regional mall REIT Macerich Co. paid $278 per sq. ft. for this 1.8-million-sq.-ft. property. The mall houses Macy’s, Kohl’s, JC Penney and Sears.
2. Lloyd Center in Portland, Ore.: $370 million
Cypress Equities shelled out $250 per sq. ft. for the 1.478-million-sq.-ft. mall, which features a Macy’s and a Nordstrom.
3. Hollywood & Highland Center in Los Angeles: $305 million
The 262,000-sq.-ft. Hollywood & Highland Center, which houses Chinese 6 Theatres and Hard Rock Café in addition to the usual retailer line-up, sold to H&H Reatil Owner LLC for $660 per sq. ft.
4. Mall at Tuttle Crossing in Dublin, Ohio: $240 million
Simon Property Group snapped up the 376,681-sq.-ft. Mall at Tuttle Crossing off the market for $637 per sq. ft. Macy’s, JC Penney and Sears anchor the center.
5. The Plant San Jose in San Jose, Calif.: $203.1 million
Cole Real Estate Investments added The Plant San Jose, a 512,500-sq.-ft. power center that lists the Home Depot, Target, Ross Dress for Less, Best Buy and Toys ‘R’ Us among its key tenants, to its portfolio. Cole paid $396 per sq. ft. for the property.
6. The Shops at Pembroke Gardens in Hollywood, Fla.: $188 million
The Shops at Pembroke Gardens sold to Jeffrey R. Anderson Real Estate joint venture for $481 per sq. ft. The 391,114-sq.-ft. lifestyle center features Barnes & Noble, Golf Galaxy, Sur La Table and The Cheesecake Factory in its line-up.
7. Southridge Mall in Greendale, Wis.: $181 million
Simon Property Group picked up Southridge Mall, a 558,177-sq.-ft. regional mall, for $324 per sq. ft. Macy’s, Kohl’s, JC Penney and Sears, along with the Boston Store, anchor the center.
8. Former Pathmark in New York City: $150 million
Extell Development and Starwood Capital Group paid a whopping $3,445 per sq. ft. for a former Pathmark store in New York City. Extell and Starwood plan to build a high-rise apartment building with ground-floor retail and a parking garage on the site.
9. Woodburn Premium Outlets in Woodburn, Ore.: $147.7 million
Simon Property Group was also behind the purchase of Woodburn Premium Outlets, a 405,478-sq.-ft. outlet center in Oregon. The center, which sold for $364 per sq. ft., features Nike Factory Store, Polo Ralph Lauren Factory Store and Guess Factory Store among its tenants.
10. Legends Outlets in Kansas City, Kan.: $131.5 million
A joint venture of private equity firm Kohlberg Kravis Roberts (KKR) and RED Legacy bought Legends Outlets, a 658,453-sq.-ft. outlet center, for $200 per sq. ft. The purchase was among KKR’s first major investments in retail real estate.
