• Source: Urban Retail Properties

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 Real Estate Group, for $1.4 billion.
In 1993, JMB spun off its retail properties into Urban Shopping Centers, and was traded on NYSE 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, 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
Foothills Mall




= Former

=



Urban Shopping Centers

Copley Place (sold in 1997)



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



= Purchased by Simon
=
Coral Square Mall
Florida Mall
Houston Galleria
Mall at Chestnut Hill
Maplewood Mall
Miami International Mall
Penn Square Mall
Pheasant Lane Mall
SouthPark Mall
West Town Mall
Wolfchase Galleria
Woodland Hills Mall



= Purchased by Rouse
=
Collin Creek
Lakeside Mall
North Star Mall
Oakbrook Center
Perimeter Mall
The Streets at Southpoint (under construction at the time)
Water Tower Place
Willowbrook



Urban Retail

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




References






External links


Official website

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