The mall has a gross leasable area of 1,332,132 sq ft (123,759.1 m2)[2] and is owned and managed by Simon Property Group.

[10] After Alexander's went out of business in 1988,[11] the mall was able to secure the second Nordstrom in New Jersey, but changes had to be made to prepare for the opening.

[13] Most of the mall was closed from 1990 to 1991, when it underwent a significant renovation and expansion that changed it from a single-story structure into its current two-story form.

[14] In expanding and fitting into the space, the new Menlo Park Mall was built on an angle with the vertex occurring at center court.

The renovated Menlo Park Mall was also changed to have galleria style skylights, domed fountain courts, marble flooring, dramatic lighting, sculptures and a large, skylit food court featuring trees and sculptures, designed to look like a formal garden.