DALLAS, Jan. 5, 2022 /PRNewswire-PRWeb/ -- Centennial, a real estate investment firm with a national portfolio of shopping, dining, entertainment, and mixed-use destinations as well as a full-service advisory services platform (https://CentennialREC.com), announced today it has acquired Westland Mall, a regional shopping center in Hialeah, the sixth largest city in Florida. Westland Mall has served the Hialeah community for over 50 years and, as a community icon, has developed a following of very loyal shoppers, making it an exceptional purchase for Centennial, which took over management of the property on October 1st and officially assumed ownership of the property in December. For downloadable photos of Westland Mall, visit http://ow.ly/HnjM30s0Owt.
"The Westland purchase was attractive to Centennial in large part because of its prime location just outside Miami. The Hialeah area boasts a very dense, ethnically diverse population that spends significantly on the brand-name labels the center already has in place," says Carl Tash, Chief Investment Officer, Centennial. "And with its customer loyalty and already strong merchandising mix, as well as the fact that Westland Mall is very well leased, this center will make an outstanding addition to Centennial's growing portfolio of properties."
"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 that offer deeper experiences, community connections and enhanced value," says Steven Levin, Founder and CEO of Centennial. "Through inventive design, strategic visioning, accretive merchandising, and intentional placemaking, we're reimagining the retail real estate of today to create the dominant mixed-use destinations of tomorrow."
Centennial has a unique vision for the future of retail real estate that has led to the successful repositioning of retail properties in key markets from coast to coast. The robust services platform Centennial has built – which includes carefully curated in-house property management, marketing and leasing teams – perfectly positions the firm to expand its own portfolio with properties like Westland Mall and future acquisitions on the horizon, while simultaneously helping other retail real estate owners plan their future value creation through Centennial's third-party property and asset management division.
About Westland
Westland Mall is an 835,000-square-foot regional shopping center in Hialeah, Florida, just northwest of Miami. The shopping center boasts nearly 100 retailers, services and restaurants, including Macy's, JCPenney, Bath & Body Works, Finish Line, Pandora, G by Guess, Victoria's Secret, H&M, T-Mobile, Outback Steakhouse, Chili's Grill & Bar, Subway and IHOP. Westland Mall is conveniently located in the heart of Dade County and provides visitors with easy access from every major thoroughfare, including the I-75, Palmetto Expressway, Florida Turnpike, and US-27. For more information, visit https://www.shoppingwestlandmall.com/ or follow the center on Facebook and Instagram.
About Centennial
Centennial is a real estate investment firm with a national portfolio of shopping, dining, entertainment and mixed-use destinations as well as a full-service property management platform delivered through Centennial Advisory Services, its third-party property and asset management division. Rooted in retail since 1997, Centennial is focused on shaping the evolution of American retail by creating a superior multi-faceted shopping experience through properties that serve not only as a place of commerce, but as a place of community. For more information, visit CentennialREC.com.
Media Contacts:
Deborah Blackford
Blackford & Associates
[email protected]
714-280-8765
Karen Franse
Blackford & Associates
[email protected]
386-649-1887
Carmen Herlihy
Blackford & Associates
[email protected]
646-770-2623
Media Contact
Deborah Blackford, Blackford and Assocciates, 714-280-8765, [email protected]
SOURCE Centennial
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