Urban Retail Properties is a third-party retail management company based in
Chicago
(''City in a Garden''); I Will
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. The company develops shopping complexes and other retail centers across the United States, in addition to help managing retail space development. The company partnered with Long Runn Urban Development Group in
Shanghai
Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flow ...
in 2008. As of 2021 it owns over 50 shopping centers. A news article in 2003 described Urban Retail as "the nation’s largest third-party retail manager".
History
In 1984,
Aetna
Aetna Inc. () is an American managed health care company that sells traditional and consumer directed health care insurance and related services, such as medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans, ...
sold Urban Investment and Development Corporation of Chicago, to JMB Real Estate Group, for $1.4 billion.
In 1993, JMB spun off its retail properties into Urban Shopping Centers, and was
traded
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market.
An early form of trade, barter, saw the direct excha ...
on
NYSE
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is by far the List of stock exchanges, world's largest s ...
and CSE under "URB".
In 2000, Urban was purchased by Rodamco North America.
In 2001, Westfield Trust bought 25% of USC and Rodamco North America. The next year, Rodamco was fully sold to Westfield,
Rouse
Rouse may refer to:
Places
* Rouse, California, United States, a census-designated place
* Rouse, Wisconsin, United States, an unincorporated community
* Rouses Point, New York, United States, a village
* Rouse Islands, Antarctica
* Cape Rouse, An ...
, and
Simon Property Group
Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indian ...
.
In May 2005, Urban was purchased in a management buyout deal, becoming a private entity.
In September 2007, RAIT Urban Holdings, LLC acquired a minority interest in Urban.
In May 2014, RAIT Financial Trust purchases Urban Retail Properties.
In September 2018, Urban becomes a private partnership firm when Forum Partners Investment, LLC purchased half of Urban from RAIT.
Properties owned by Urban Retail
Major retail properties owned by Urban Retail include:
Current
*
Somersville Towne Center
Somersville Towne Center is a regional shopping mall located in Antioch, California. Previously named County East Mall until 2004, the mall is managed by Urban Retail Properties. Originally opened in 1966, it is strategically positioned in one ...
*
Orlando Fashion Square
Orlando Fashion Square is a split one-story, two-story indoor shopping mall located in Orlando, Florida. Opened in 1973, it features 79 stores in over one million square feet of shop space. The mall's anchor stores are Macy's, Floor & Decor, and Di ...
*
Mall at Stonecrest
The Mall at Stonecrest (also referred to and often known as Stonecrest Mall) is a super regional shopping mall along Interstate 20 in eastern Metro Atlanta that opened in 2001 on the growing I-20 corridor. It is off exit 75 in Stonecrest, Georgia, ...
*
Louisiana Boardwalk
The Louisiana Boardwalk Outlets is an outdoor shopping center combining Retail store, retail shopping, restaurants, and entertainment. It is located in Bossier City, Louisiana, between the Horseshoe Bossier City and Margaritaville Resort Casino. I ...
Colony Square Mall
Colony Square Mall is an enclosed shopping mall in Zanesville, Ohio. Opened in 1981, the anchor stores are Cinemark Theatres, Dunham's Sports, Planet Fitness, TJ Maxx, Five Below, Jo-Ann Stores, Jo-Ann Fabrics, and JCPenney. There is 1 vacant anc ...
Century City Shopping Center
Westfield Century City (formerly known as the Century Square Shopping Center) is a two-level, 1.3 million-square-foot outdoor shopping mall in the Century City commercial district in Los Angeles, California. A property of the Westfield Corporatio ...
Countryside Mall
Countryside Mall (formerly Westfield Countryside) is a shopping mall in Clearwater, Florida. Situated near the coastline on the Gulf Coast, it serves over 9 million customers every year, and is home to five anchor stores, a 12-screen Cobb Theatr ...
Franklin Park Mall
Franklin Park Mall is a shopping mall in Toledo, Ohio. The anchor stores are Dillard's, Macy's, Dick's Sporting Goods, Forever 21, DSW, and JCPenney.
History
Developed by The Rouse Company, the mall opened on July 22, 1971, occupying the former s ...
Garden State Plaza
Garden State Plaza (officially Westfield Garden State Plaza) is a shopping mall located in Paramus, New Jersey. It is owned and managed by Paris-based real estate management company Unibail-Rodamco-Westfield, and located at the intersection of ...
Florida Mall
The Florida Mall is a super regional enclosed shopping mall located south of Orlando in unincorporated Orange County, Florida, United States, on the southeast corner of Orange Blossom Trail and Sand Lake Road; it opened in 1986. The facility w ...
*
Houston Galleria
The Galleria, stylized theGalleria and also known as the Houston Galleria, is an upscale mixed-use urban development and shopping mall located in the Uptown Houston, Uptown District of Houston, Texas, United States.Mall at Chestnut Hill
*
Maplewood Mall
Maplewood Mall is a super-regional shopping mall in Maplewood, Minnesota, United States. It is two blocks off Interstate 694 on the Saint Paul side of the Twin Cities. Maplewood Mall opened in 1974. It was later renovated and expanded in 1996 ...
*
Miami International Mall
Miami International Mall is an enclosed shopping mall in Doral, Florida in southwestern Metropolitan Miami, only half a mile away from the larger Dolphin Mall. The Miami International Airport is nearby, thus giving the mall its name. It was bui ...
*
Penn Square Mall
Penn Square Mall is a two-story, regional shopping mall in Oklahoma City, Oklahoma, United States. It is located at the intersection of Pennsylvania Avenue and NW Expressway, near Interstate 44. The mall's anchor stores consist of JCPenney, Mac ...
*
Pheasant Lane Mall
Pheasant Lane Mall, occupying , is one of the largest shopping malls in the state of New Hampshire and the focal point of the commercial area in south Nashua.
As of , the mall has about 139 stores and kiosks, including four anchor stores: Dick ...
West Town Mall
West Town Mall is a shopping mall located in Knoxville, Tennessee, United States. Opened in August 1972, this one-level mall is located in the western portion of Knoxville in the West Hills community. West Town Mall is located along Interstates 40/ ...
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Wolfchase Galleria
Wolfchase Galleria is a regional shopping mall in northeast Memphis, Tennessee, United States. The mall is managed by Simon Property Group. It is located across the street from the Bartlett city limits at the intersection of Germantown Parkway a ...
*
Woodland Hills Mall
Woodland Hills Mall is a 1+ million square foot, super regional shopping mall located at 7021 S. Memorial Drive in Tulsa, Oklahoma, United States. It was originally developed by Homart Development Company, and opened in August 1976. Woodland Hills ...
Lakeside Mall
Lakeside Mall is a Taubman-built super-regional full-line shopping mall located in the northeastern Metro Detroit suburb of Sterling Heights, Michigan. The mall is located on M-59 (Hall Road) between Hayes and Schoenherr Roads. The mall currently ...
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North Star Mall
North Star Mall is a shopping mall in San Antonio, Texas, USA with anchor tenants Dillard's, JCPenney, Macy's, Saks Fifth Avenue, and Forever 21. The mall also has over 200 specialty stores, some exclusive to the San Antonio market, including Arm ...
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Oakbrook Center
Oakbrook Center is a shopping center located near Interstate 88 and Route 83 in Oak Brook, Illinois. It was originally opened in 1962. It is the second largest shopping center in the Chicago metropolitan area by gross leasable area, only surp ...
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Perimeter Mall
Perimeter Mall is a shopping mall in Perimeter Center, Dunwoody, Georgia, a suburb of Atlanta, near the interchange of Interstate 285 (the Perimeter) and Georgia State Route 400. It is the second largest shopping mall in the state of Georgia, ...
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The Streets at Southpoint
The Streets at Southpoint is a shopping mall in Durham, North Carolina. Located near I-40, on Fayetteville Road, the mall was developed by Urban Retail Properties and is currently owned and managed by Brookfield Properties, a subsidiary of Brook ...
(under construction at the time)
*
Water Tower Place
Water Tower Place is a large urban, mixed-use development comprising a shopping mall, hotel, theater, and condominiums in a 74-story skyscraper in Chicago, Illinois, United States. The mall is located at 835 North Michigan Avenue, along the Mag ...
Inlet Square Mall
Inlet Square Mall is a single-level regional shopping center in Garden City, South Carolina, United States. Belk is the last major anchor with junior anchor Planet Fitness and with two vacant major anchors last occupied by Kmart, JCPenney, and va ...
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PlazAmericas
PlazAmericas, formerly known as Sharpstown Mall and earlier Sharpstown Center, is a shopping mall located in the Sharpstown development in Greater Sharpstown, Houston, Texas. The mall is located on the northwest corner of Interstate 69/ U.S. Rou ...
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Oakland Mall
Oakland Mall is an enclosed super-regional shopping mall located in the city of Troy, Michigan, a suburb of Detroit. It is located in the northwest corner of the intersection of 14 Mile and John R. roads, adjacent to Interstate 75 (Chrysler Freewa ...