Puente Hills Mall


City of Industry, CA

Highlights

When acquired by The Krausz Companies, the 1.2 million square foot Puente Hills Mall, once the leading regional retail destination, had been abandoned by tenants and customers. Occupancy was less than 50% and rapidly declining; annual sales, excluding department stores, had collapsed to under $20 million. The mall was anchored by Sears and Robinsons-May as well as J.C. Penney and Broadway stores that were both slated to close.

 

Strategy

Recognizing that there were many better-positioned regional malls in the area, The Krausz Companies created an aggressive repositioning plan to develop an attractive, innovative center unlike anything else offered in the region. Creating a hybrid series of districts atypical to the experience usually found at an enclosed mall, Krausz constructed an entertainment wing anchored by a 20-screen AMC Theatre that opened directly onto the Mall, a Central Park inside the Mall with flowing streams and seating that encouraged people to gather, and a new food court. Added to this were a collection of big box tenants that catered to the needs of the value shopper, and a vibrant mix of national, regional and local fashion, food and entertainment tenants rounding out the enclosed mall experience. While many of the incorporated elements have become common today, the program was at the forefront of these trends when implemented. In addition, The Krausz Companies added value to the center by developing over 75,000 square feet of retail and restaurants on newly created outparcels.

Results

Upon completion, Puente Hills Mall regained its status as a leading retail and entertainment destination in the southern San Gabriel Valley. Occupancy increased to over 90%, and non-department-store sales were over $120 million per year and climbing at disposition.

 

Contact

 

1600 S Azusa Ave,
City of Industry, CA 91748

LEASING OFFICE

leasing@krauszco.com

 

 

Jay Krigsman, CCIM, SCLS
1 (949) 656-4150
Jay@tkcre.com

 

Elaine Garibay
1 (949) 656-4151
Elaine@tkcre.com

 

 

 

Available Listings

 

Don’t see what you’re looking for?

Contact our leasing office for more opportunities.