Galleria at White Plains Acquired by California Real Estate Firm

WHITE PLAINS, NY — The Galleria at White Plains was one of three Simon mall properties acquired by Pacific Retail Capital Partners.

The acquisition added approximately 2.8 million square feet to Pacific Retail's portfolio.

The malls have a combined value in excess of $200 million and are all well-located commercial real estate properties.

In addition to the Galleria, Northpark Mall in Ridgeland, MS, and the Esplanade, in Kenner, LA, were part of the joint venture with an investment partner.

The Galleria at White Plains is an approximately 870,000-square-foot, four-level enclosed regional mall located at 100 Main St.

Among its 130 retailers are Macy’s, Sears, H&M, Forever 21 and dining establishments.

Steve Plenge, managing principal of Pacific Retail, said his company is going to conduct a floor-by-floor evaluation of the mall to outline a capital improvement and leasing program.

“To build on this strong asset, among the initiatives we are considering for the Galleria is stepping up the food offerings with more casual and fine dining and an enticing food hall to better serve area residents, visitors and office workers,” he said.

Pacific Retail Capital Partners is based in El Segundo, CA.

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