LBG, Aviva Nab Mammoth CA Shopping MallBy
A joint venture between LBG Real Estate Cos. and Aviva Investors has acquired Hilltop Mall, a 1,100,000-square-foot regional mall in the East Bay city of Richmond, Calif.
“The property has all of the fundamental elements of a really successful retail development and has only suffered because of its ownership history,” Leslie Lundin, LBG’s managing partner, told Commercial Property Executive. “It’s a true diamond in the rough and we believe that we can bring it back not only to the glorious retail center that it once was and go even further by doing the residential and future commercial development that is so desired by the community.”
Located at 2200 Hilltop Mall Road, the property was originally constructed in 1976 and renovated about a decade ago. The tenant roster includes Macy’s, Walmart, Sears, and 24-Hour Fitness…
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