Northridge Mall

Northridge Mall
The Northridge Mall North Wing Entrance
Location Salinas, California, USA
Coordinates 36°43′03″N 121°39′29″W / 36.71763°N 121.65803°W / 36.71763; -121.65803
Opening date 1974
Management Starwood Capital Group
Owner Starwood Retail Partners
No. of stores and services 128[1]
No. of anchor tenants 4
Total retail floor area 892,824 sq ft (82,946.1 m2)[2]
No. of floors 1[lower-alpha 1]
Parking 3,000+
Public transit access Monterey Salinas Transit: 23, 29, 41, 44, 45, 48, 49, 72, 95
Website www.shop-northridge-mall.com

Northridge Mall, located in Salinas, California, serves as Monterey County's largest shopping mall. The single-story structure encompasses 976,913 sq ft (90,758 m2) of retail space and features more than 110 shops, two restaurants, a fast-food court with eight outlets, and four department stores including Sears, JCPenney, Macy's, and Forever 21. There are approximately 3,000 spaces in the open-air parking lot.

History

The Sears store, which was incorporated into the mall in 1982

Northridge Mall opened in 1974 with 60 stores and Emporium Capwells, JCPenney, and Mervyns as anchor stores. It was owned by the insurance company Northwestern Mutual. While the Sears, which now sits at the south end of the Mall, already existed, it was neither connected to nor affiliated with the mall at this time. It was not until the new south wing was added in 1982 that the pre-existing Sears outlet became part of the mall. The new wing also nearly doubled the shopping center's retail space and stores.

In 1994 the mall was remodeled and in 1996 the Emporium Capwells outlet was replaced by Macy's; both Sears and JCPenney underwent extensive remodels. In 1998, the Mervyns outlet was extensively remodeled to incorporate the brand's new image.

Macerich acquired Northridge Mall in 2003 from Northwestern Mutual for a purchase price of approximately $128.5 million.[3][4][5]

Starwood Capital Group purchased Northridge Mall in 2013 from Macerich for a purchase price of approximately $120 million. [6]

Notes

  1. ↑ All Anchors have 2 floors with the exception of Forever 21

References

  1. ↑ "Store Directory". Northridge Mall. Retrieved 2011-02-14.
  2. ↑ "Leasing Information". Starwood Retail Properties. Retrieved 2011-02-14.
  3. ↑ "COMPANY BRIEFS". The New York Times. September 17, 2003.
  4. ↑ "The Macerich Company Announces Acquisition of Northridge Mall" (Press release). Macerich. Sep 16, 2003.
  5. ↑ Northridge Mall purchased. Silicon Valley/San Jose Business Journal.
  6. ↑ "Northridge Mall in Salinas sold to Chicago investors". Monterey County Herald. June 6, 2013.
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