In April 2022, Eastern Real Estate, Rockpoint, and Atlas Capital Group partnered on the recapitalization of SouthBay Pavilion in Carson, California. The 605,000 square foot regional shopping center, anchored by IKEA, Target, and JCPenney, is located in the densely populated Los Angeles County. Immediately adjacent to Interstate 405, SouthBay Pavilion benefits from direct access to local and regional thoroughfares, including I-710, I-110, and Route 91.
SouthBay Pavilion sits 13 miles south of downtown Los Angeles and proximate to the ports of Los Angeles and Long Beach, as well as the Los Angeles International Airport. In recent years, the city of Carson has experienced significant growth as families and professionals have moved to the region following an influx of new high technology and media companies.
SouthBay Pavilion is a tremendous addition to the team’s growing regional portfolio and offers exceptional upside potential. The venture plans to operate the existing shopping center while it evaluates a potential repositioning.