A Dallas-based owner of regional and super-regional malls has added a twelfth location to its mall roster.
Centennial took over management of the Westland Mall in Hialeah, Florida in October and acquired the property for $150M by assuming Starwood Capital Group’s loan from Aareal Capital Corporation.
The 835,000sq ft shopping centre houses close to 100 tenants that include Macy’s, Bath & Body Works, Pandora, H&M, T-Mobile, Outback Steakhouse, and IHOP. Westland Mall is located in Dade County, about 15 miles northwest of downtown Miami.
“At Centennial, we’ve developed a distinct set of operating procedures that allow us to transform even top-performing real estate like Westland Mall and other future acquisitions into more dynamic destinations,” said Centennial’s Founder and CEO Steven Levin. “We’re reimagining the retail real estate of today to create the dominant mixed-use destinations of tomorrow.”