Prudential Insurance (1992-1993) CenterMark, formerly known as May Centers, was a mall development company owned by a consortium of Westfield Holdings Ltd., General Growth Properties, and Whitehall Street Real Estate L.P. III.
[1] This shopping center grew around the second branch store of the May Company California division that opened on this site in 1947.
[8][9] The following year Prudential sold CenterMark to a consortium headed by Des Moines-based General Growth Properties and also included Australia-based Westfield Holdings Ltd. and Whitehall Street Real Estate L.P. III, an investment partnership operated by Goldman, Sachs & Co. At the time of the sale, CenterMark had owned or had interest in 19 malls or shopping centers in six states.
[12] Under May Department Stores ownership, the company obtained new retail projects only by creating them on previously undeveloped land.
[13] Because of damage incurred during the 1994 Northridge earthquake, May and its successor Macy's were unable to dispose of the property until 2014.
[14] In 1988, May Centers almost sold La Jolla Village Square to T&S Development,[15] but the deal fell apart at the last minute.
[21] These properties include Eagle Rock Plaza, Enfield Square, West Park Mall, and Westland Towne Centre.