Pacific Retail Capital Partners buys The Shops at Palm Desert
Pacific Retail Capital Partners (PRCP), one of the nation’s leading retail real estate development, investment, management and advisory firms focused exclusively on evolving retail-led real estate, has purchased The Shops at Palm Desert, a nearly 1 million-square-foot enclosed shopping mall in the heart of Coachella Valley in Palm Desert, Calif.
PRCP will leverage its vertically integrated platform to conceptualize, design and develop an innovative master plan for the 72-acre property that will transform it into a mixed-use destination and create a civic gathering place that contributes to the existing character of the Coachella Valley. With a strong presence throughout Southern California, PRCP is well-versed in the lifestyle preferences of the market and expectations of the retail experience.
“PRCP specializes in evolving real estate for the next generation, and we are very excited to apply our proven value-creation strategy to The Shops at Palm Desert,” said S