Major
November 1993
CenterMark sold to a Westfield-led consortium
In November 1993 the CenterMark portfolio, including Topanga Plaza, was sold to a joint venture of Westfield Holdings, General Growth Properties and Whitehall Street Real Estate. Management of Topanga fell to Westfield.
Sources disagree on the effective year of Westfield’s control: the November 1993 agreement is variously reported as completing in 1993 and as a 1994 acquisition, and one account describes Prudential selling a 42 percent CenterMark stake rather than the whole company.