DJM and PGIM Acquire Bridgeside Shopping Center
DJM Capital Partners, a California-based private equity real estate developer, owner, and manager, today announced that it has closed on the Bridgeside Shopping Center in Alameda, California.
- DJM Capital Partners, a California-based private equity real estate developer, owner, and manager, today announced that it has closed on the Bridgeside Shopping Center in Alameda, California.
- The deal is in conjunction with financial partner PGIM; the acquisition marks the third partnership between PGIM and DJM, which will serve as the propertys operating manager.
- PGIM and DJM are currently partners at Bella Terra, a 852,000-square-foot, mixed-used lifestyle center located in Huntington Beach, California and also at Long Beach Exchange (LBX), a 246,500-square-foot, grocery-anchored retail center in Long Beach, California.
- PGIM Real Estate is a business of PGIM, the $1.5 trillion global asset management business of Prudential Financial, Inc. (NYSE: PRU).