CIM Group Signs Agreement to Acquire Baldwin Hills Crenshaw Plaza Regional Mall in Los Angeles
Retrieved on:
Wednesday, April 29, 2020
CIM Group announced today that it has signed a Purchase and Sale Agreement to acquire the 869,000-square-foot Baldwin Hills Crenshaw Plaza, a regional shopping mall situated on over 40 acres at 3650 West Martin Luther King Boulevard in the Baldwin Hills/Crenshaw market of Los Angeles.
Key Points:
- CIM Group announced today that it has signed a Purchase and Sale Agreement to acquire the 869,000-square-foot Baldwin Hills Crenshaw Plaza, a regional shopping mall situated on over 40 acres at 3650 West Martin Luther King Boulevard in the Baldwin Hills/Crenshaw market of Los Angeles.
- Baldwin Hills Crenshaw Plaza occupies a pivotal location in a well-established Los Angeles community, centrally-located and adjacent to a soon-to-open Metro light rail station.
- Baldwin Hills Crenshaw Plaza is midway between downtown Los Angeles to the east, Santa Monica to the west, Beverly Hills and Hollywood to the north, and Inglewood to the south, making it centrally located to many of the residential and business centers in the greater Los Angeles area.
- For more than 25 years, CIM has been an owner, operator, lender and developer of real assets in communities throughout the greater Los Angeles area.