PCRP Purchases 1 Million-Square-Foot Mall in Southern California

by Hayden Spiess

Palm Desert, Calif. — Pacific Real Estate Partners (PCRP) has acquired The Shops at Palm Desert, a nearly 1 million-square-foot enclosed mall located in Palm Desert. Built in 1982, the property was renovated in 2013. Tenants at the mall include JCPenney, Macy’s, Dick’s Sporting Goods and Barnes & Noble. PCRP plans to reposition the 72-acre property as a mixed-use development. Plans include the addition of a green space, as well as residential and entertainment space. 

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