CBRE has been selected to provide ongoing property management and leasing services for the Imperial Valley Mall, located at 3451 S. Dogwood Rd. in El Centro. The 761,000-square-foot shopping center was acquired earlier this month by Tryperion Holdings, Peak Financial Partners, and Duke Real Estate for $38.1 million.
“We are extremely pleased to have been selected by Tryperion, Peak, and Duke and to work closely with them to carry out their compelling vision to elevate the shopping experience at Imperial Valley Mall,” said Todd Caruso, CBRE’s retail investor leader for the Americas. CBRE’s Joe Yetter and John Stevens will oversee the leasing of the property.
In addition to the mall, the new owners have also acquired 65 acres of adjacent developable land through an affiliate. Their plans include enhancing the physical infrastructure of the mall and investing in facility operations. They aim to introduce new programs that encourage visitors of all ages to shop, dine, and gather in the community space.
