In June 2021 Eastern acquired Eagle Rock Plaza, a 22.2-acre property consisting of two parcels separated by Sierra Villa Drive. The mall parcel is currently improved with a two-story, 446,000 square foot enclosed mall anchored by Target and Macy’s and surrounded by a two-level parking deck with 2,300 spaces. The medical office parcel is home to a single tenant rehabilitation facility totaling 20,000 square feet. Located at the convergence of the Glendale & Ventura freeways with over 1,300 feet of frontage along Colorado Boulevard, the property represents a prime infill redevelopment opportunity in the heart of the Los Angeles market.
Eastern is redeveloping the existing mall into a modern Target, grocery and soft goods anchored center which will include industry leading creditworthy retailers.