Urban Retail Properties is a third-party retail management company based in
Chicago
Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...
. 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, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...
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.
Traders generally negotiate through a medium of credi ...
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 the List of stock exchanges, largest stock excha ...
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, A ...
, 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
RAIT Financial Trust (Resource Asset Investment Trust) is a real estate investment trust owned by Fortress Investment Group that manages commercial real estate loans and properties. It is headquartered at 130 West 42nd Street, New York City.
Hi ...
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 in Antioch, California, United States. Previously named County East Mall until 2004, the mall is managed by Urban Retail Properties. Originally opened in 1966, it is strategically positione ...
*
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 31 stores in over one million square feet of shop space. The mall's anchor stores are Macy's, Floor & Decor, and ...
*
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, Georg ...
*
Louisiana Boardwalk
The Louisiana Boardwalk Outlets is an outdoor shopping center combining retail shopping, restaurants, and entertainment. It is located in Bossier City, Louisiana, between the Horseshoe Bossier City and Margaritaville Resort Casino. It is one ...
Arnot Mall
Arnot Mall is a shopping mall located in Big Flats, New York, in Chemung County.
The mall features JCPenney and Burlington, in addition to a 10-screen Regal Cinemas and a Planet Fitness. Arnot Mall is a super regional mall, serving mainly New ...
*
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 Fabrics, and JCPenney. There is 1 vacant anchor store th ...
Century City Shopping Center
Westfield Century City is an outdoor shopping mall in the Century City neighborhood of Los Angeles, California. It has of gross leasable area and is anchored by Bloomingdale's, Macy's, and Nordstrom. The mall has been owned by Westfield-affili ...
*
Citrus Park Town Center
Citrus Park Town Center, previously Westfield Citrus Park, is a shopping mall in Citrus Park, Florida. The anchor stores are Dillard's, JCPenney, Macy's, NCG Cinemas, Dick's Sporting Goods, and Elev8 Fun. Sears formerly occupied the space now o ...
Franklin Park Mall
Franklin Park Mall is a super-regional shopping mall in Toledo, Ohio. It is anchored by Dillard's, JCPenney, Dick's Sporting Goods, and DSW. There are two vacant anchor stores formerly occupied by Macy's and Forever 21, both of which closed in ...
Garden State Plaza
Garden State Plaza (officially Westfield Garden State Plaza) is a shopping mall located in Paramus, in Bergen County, in the U.S. state of New Jersey. Owned and managed by Paris-based real estate management company Unibail-Rodamco-Westfield, th ...
Hawthorn Center
Hawthorn Mall (formerly Westfield Hawthorn) is a shopping mall in Vernon Hills, Illinois. It was developed by Urban Investment and Development Co, and anchor stores Sears and Marshall Field & Company (now Macy's) as part of New Century Town, a ...
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 mall feat ...
*
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 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 near Interstate 694 on the Saint Paul, Minnesota, Saint Paul side of the Minneapolis-Saint Paul, Twin Cities metropolitan area. Maplewood Mall opene ...
*
Miami International Mall
Miami International Mall is an enclosed shopping mall in Doral, Florida in southwestern South Florida metropolitan area, Metropolitan Miami, only half a mile away from the larger Dolphin Mall. The Miami International Airport is nearby, thus giv ...
*
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, Macy ...
*
Pheasant Lane Mall
Pheasant Lane Mall is a shopping mall in south Nashua, New Hampshire. With a floor area , it is the second-largest mall in the state. Located just south of Exit 1 of the F.E. Everett Turnpike (U.S. Route 3) in Nashua and directly at northbound ...
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 ...
*
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 ...
*
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, Tulsa, Oklahoma, United States. It was originally developed jointly by Target Corporation, Dayton-Hudson Corporati ...
Lakeside Mall
Lakeside Mall was a super-regional shopping mall in Sterling Heights, Michigan. Located on the M-59 commercial corridor, the mall is currently anchored by JCPenney, with four vacant anchor stores previously occupied by Macy's (two of each), Lor ...
Oakbrook Center
Oakbrook Center is a shopping center established in 1962 and located near Interstate 88 and Route 83 in Oak Brook, Illinois. It is the second largest shopping center in the Chicago metropolitan area by gross leasable area, only surpassed by ...
*
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, ...
*
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 B ...
(under construction at the time)
*
Water Tower Place
Water Tower Place is a large urban, mixed-use development comprising a shopping mall in a 74-story skyscraper in Chicago, Illinois, United States. The mall is located at 835 North Michigan Avenue, along the Magnificent Mile. It is named aft ...
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. R ...
*
Oakland Mall
Oakland Mall is an enclosed super-regional shopping mall in Troy, Michigan. It is located in the northwest corner of the intersection of 14 Mile and John R. roads, adjacent to Interstate 75 (Chrysler Freeway). The mall features 116 stores, includ ...