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Orange County Retail

JV Formed To Manage Pacific City Shopping Center

Pacific City in Huntington Beach, CA
Photo credit: Pacific City

DJM Capital Partners and the real estate division of TIAA Global Asset Management are joining forces to manage Huntington Beach's Pacific City Shopping Center.

The 190,900 SF, Class-A retail destination was developed by DJM Capital Partners, which acquired the site four years ago.

The shopping center opened last December.

TIAA bought a 70% stake in the mall, purchasing the interest of DJM Capital Partners’ former partner, a private investor. An affiliate of DJM Capital Partners is retaining about a 30% stake, according to GlobeSt.

DJM Capital Partners plans to stay in charge of leasing and Pacific City's property management. [GS]

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