SAN DIEGO (KGTV) – The popular South Bay shopping mall Plaza Bonita has new owners who plan to make significant changes to the property.
A joint venture led by South Carolina-based private equity real estate firm Henderson Park and Los Angeles real estate investor/developer Lowe purchased the National City mall, it was announced on Monday.
According to the San Diego Union-Tribune, the group bought the mall on 3030 Plaza Bonita Rd. for $201.5 million.
The new ownership group has already removed the Westfield branding from the property, which was first built in 1981.
The U-T reported the developers plan to upgrade entrances and add more local restaurants to the mall.
Housing could also be added to the mall’s 78-acre site in the future, it was reported.
