PRCP, Conversant Acquire Super-Regional Ventura Mall

Pacific Retail Capital Partners (PRCP) has formed a joint venture with Conversant Capital LLC to acquire Pacific View Mall in Ventura for an undisclosed sum. The JV combines PRCP’s retail operating and leasing expertise with Conversant’s flexible capital capabilities and deep experience investing across real estate asset classes to acquire the 884,000-square-foot property. PRCP will assume leasing and operational responsibilities.

“Pacific View is a well-established retail destination with a distinctive position along Ventura County’s coastline, and we are pleased to partner with Conversant on the acquisition,” said Steve Plenge, PRCP’s CEO and founder. “The property has served the Ventura community for more than six decades, and we look forward to continuing to build on its strong foundation alongside our new partner.”

Located at 3301-1 E. Main St. in Ventura, Pacific View opened in 1964 and is the only enclosed super-reginal mall in its 25-mile trade area.

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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).

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