Unibail-Rodamco-Westfield (URW), Europe's largest mall owner, continues to execute the strategy it adopted at the beginning of last year to unload its US malls and shopping centers as part of a campaign to reduce its debt.
This week, URW completed the sale of two parcels that make up the 1.5M SF Westfield Mission Valley shopping center in San Diego for a total of $290M.
Lowe and Real Capital Solutions (RCS) purchased the 1.1M SF eastern portion of Westfield Mission Valley, an open-air shopping center, while Sunbelt Investment Holdings acquired the western portion, an enclosed power center.
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