Urban Retail Properties is a third-party retail management company based in Chicago. 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 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 sold Urban Investment and Development Corporation of Chicago, to JMB Realty, JMB Real Estate Group, for $1.4 billion. In 1993, JMB spun off its retail properties into Urban Shopping Centers, and was Initial public offering, traded on New York Stock Exchange, NYSE and NYSE Chicago, CSE under "URB". In 2000, Urban was purchased by Rodamco North America. In 2001, Westfield Group, Westfield Trust bought 25% of USC and Rodamco North America. The next year, Rodamco was fully sold to Westfield, The Rouse Company, Rouse, and Simon Property Group. 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 * Orlando Fashion Square * Mall at Stonecrest * Louisiana Boardwalk * Monroe Crossing * Arnot Mall * Colony Square Mall * College Square Mall (Tennessee), College Square Mall * Foothills Mall (Tennessee), Foothills Mall

Former

Urban Shopping Centers

* Copley Place (sold in 1997)

= Purchased by Westfield

= * Westfield Brandon, Brandon Town Center * Westfield Century City, Century City Shopping Center * Westfield Citrus Park, Citrus Park Town Center * Westfield Countryside, Countryside Mall * Fox Valley Mall, Fox Valley Center * Franklin Park Mall * Westfield Galleria at Roseville, Galleria at Roseville * Garden State Plaza * Great Northern Mall (Ohio), Great Northern Mall * Hawthorn Mall, Hawthorn Center * MainPlace Mall, MainPlace * Westfield Old Orchard, Old Orchard Center * Westfield San Francisco Centre, San Francisco Shopping Centre * Westfield Valencia Town Center, Valencia Town Center

= Purchased by Simon

= * Coral Square, Coral Square Mall * The Florida Mall, Florida Mall * The Galleria, Houston Galleria * The Shops at Chestnut Hill, Mall at Chestnut Hill * Maplewood Mall * Miami International Mall * Penn Square Mall * Pheasant Lane Mall * SouthPark Mall (Charlotte, North Carolina), SouthPark Mall * West Town Mall * Wolfchase Galleria * Woodland Hills Mall

= Purchased by Rouse

= * Collin Creek Mall, Collin Creek * Lakeside Mall * North Star Mall * Oakbrook Center * Perimeter Mall * The Streets at Southpoint (under construction at the time) * Water Tower Place * Willowbrook Mall (New Jersey), Willowbrook

Urban Retail

* Inlet Square Mall * PlazAmericas * Oakland Mall * Manhattan Town Center * Oakland Square * Oakland Plaza

References

External links

* Companies based in Chicago Commercial real estate companies Shopping center management firms Companies with year of establishment missing {{US-retail-company-stub