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California  + Los Angeles  + Retail  | 

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. 

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RCB Equities' Dror

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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