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JV Acquires “Back to the Future” Mall as Redevelopment Opportunity
A joint venture between RCB Equities and Real Estate Development Associates, LLC (REDA) has acquired the Puente Hills Mall in City of Industry for $115 million. A JLL Capital Markets team led by managing director Mark Wintner represented the JV in obtaining a non-recourse, three-year, floating-rate loan through Hankey Capital.
Located at 1600 S Azusa Ave., the 50-year-old Puente Hills Mall earned renown as the fictional Twin Pines Mall in the original Back to the Future nearly 40 years ago. The new owners see the once-bustling, one-million-square-foot retail hub as a transformative redevelopment opportunity in Los Angeles County, with potential for a multitude of uses.
“The opportunity to work with the City of Industry and our partners at REDA and TA Group to transform the mall into an asset that the community will embrace really excites us,” said Brian Dror, principal at RCB Equities.
- ◦Sale/Acquisition




