Vincent Rouget Of Unibail-Rodamco-Westfield Acquires Remaining 50% Stake In Westfield UTC For $705M

The retail asset located at 4545 La Jolla Village Drive in San Diego, CA, is currently under contract for a sale price of $705,000,000. The property spans a square footage of 116,000, resulting in a price per square foot of $6,078.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $705,000,000
• Buyer: Vincent Rouget - Unibail-Rodamco-Westfield
• Market: San Diego, CA
• Asset Size: 116,000 SF
• Price Per Square Foot: $6,078

Vincent Rouget represents Unibail-Rodamco-Westfield in the acquisition of the remaining 50% stake in the Westfield UTC mall from its joint venture partner. This transaction will provide Unibail-Rodamco-Westfield with full ownership upon closing, following a prior expansion investment of $92 million to enhance the center with luxury retailers.