Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, has acquired the balance of the Westminster Mall, totaling an additional 57.5 acres, ahead of its planned mixed-use redevelopment, Bolsa Pacific at Westminster in Westminster, Calif. Shopoff previously acquired the mall’s 14.1-acre former Sears parcel in July 2022 and the 11.7-acre Macy’s parcel in August 2022. The balance of the mall was acquired from Washington Prime Group (WPG).
The project site now totals 83.3 acres and houses the Westminster Mall and surrounding retail. The planned Bolsa Pacific at Westminster development aims to deliver approximately 2,250 housing units, including a mix of for-sale and market-rate and affordable rental housing, to help address the growing housing demand in the city of Westminster and neighboring communities. The project will also include 120-plus hotel keys and more than 220,000 square feet of placemaking retail. In addition, in re
