Henderson Park, together with Lowe, has acquired Plaza Bonita, a 1.03 million-square-foot enclosed regional shopping mall in National City, Calif., a suburb of San Diego. The joint venture partners plan to upgrade and reposition the mall through significant capital improvements and leasing investment into a dominant regional enclosed mall.
Henderson Park will utilize both its international and domestic retail experience, with Lowe applying its extensive local knowledge and dedicated retail platform, Retail reVision, to operate the property. Together the partners aim to implement a business plan to refresh the existing retail spaces and reposition this well-located and strong-performing grade A– mall, leveraging the mall’s growing demand base and long-standing appeal in the local community and extensive catchment area.
Originally built in 1981, Plaza Bonita is set on more than 78 acres and serves the communities of National City and Chula Vista in San Diego. The eas
