BIG Shopping Centers Invests in 1.8M SF Salt Lake Retail Asset

SALT LAKE CITY—BIG Shopping Centers USA and original developer Foursquare Properties have entered into a joint venture agreement to invest in the retail portion of Jordan Landing, a 500-acre, master-planned, mixed-use community in southwest suburban Salt Lake City.

In a deal that closed August 27, the Beverly Hills-based equity partner secured a 49% interest in The Plaza at Jordan Landing, the remaining portion of the 1.8 million-square foot Jordan Landing Shopping Center in West Jordan. In November 2012, BIG USA acquired an interest in the southern-most portion of the center. No additional terms were disclosed.