The real estate private equity firm had previously acquired a 49% stake in the Forest City portfolio in 2011 and purchased the remaining 51% in 2017 to make Madison International Realty one of the largest retail landlords in New York.
The malls are both located directly across Atlantic Avenue from Barclays Center arena, in the neighborhood of Pacific Park, which is being developed by Forest City Ratner.
Upper floors feature anchor stores like Bath & Body Works, Chuck E Cheese, DSW, Sephora, Uniqlo, and most notably Target.
It utilizes escalators, elevators and a shopping cart conveyor, design elements that are replicated at other urban locations in New York City and elsewhere.
Target, along with the Chuck E Cheese and Buffalo Wild Wings in the mall are described as being the busiest locations for each company in the United States.