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Largest Valley retail centers: ranked by gross leasable area.


EXECUTIVE SUMMARY

THE top six retail centers in the greater San Fernando Valley San Fernando Valley

Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills.
 area all have over 1 million square feet of gross leasable area Gross leasable area (GLA) in the retail development industry is a term applied to shopping malls, lifestyle centers, outlet malls and other retail centers to indicate the amount of floor space available to be rented.  with the top three centers using over 200 stores. Most of the malls on the Business Journal's list saw little change from 2005, however, the Glendale Galleria The Glendale Galleria is a large 3 story regional shopping mall located in Glendale, Los Angeles County, California. It is the second largest mall in Los Angeles County. It is located in Downtown Glendale. , in the No. 3 spot on this year's list added 20 stores and increased its size by more than 150,000 square feet in the past year.

Last year's No. 1 shopping destination, Northridge Fashion Center Northridge Fashion Center is a large shopping mall located in Northridge, California. It opened in 1971. It was severely damaged during the Northridge Earthquake in 1994, but renovated extensively in 1995 and 1998. , also increased its tally of stores from 170 to 200, but placed second on this year's list due to the extensive expansion of Westfield Topanga Westfield Topanga, formerly known as the Westfield Shoppingtown Topanga and more commonly known to locals as the Topanga Mall or Topanga Plaza, is a two-story shopping mall consisting of 230 tenants spread across three sections.  with 1.6 million square feet of retail space.

Australian-based Westfield Group The Westfield Group is a multinational company that owns shopping centres in Australia, New Zealand, the United Kingdom, and the United States. Westfield shopping centres are typically branded with the name Westfield or Westfield Shoppingtown in their name. , whose U.S. operations are based in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , owns four centers on the list that together account for nearly 4 million square feet of retail space in the greater San Fernando Valley.

The other retail centers ranking highest in gross leasable area were Burbank Burbank, city (1990 pop. 93,643), Los Angeles co., S Calif.; inc. 1911. Tourism and the entertainment industry are central to its economy; several motion-picture studios and television headquarters are here. Burbank's aerospace industry collapsed with the end of the Cold War.  Town Center in the No. 4 spot with over 1.2 million square feet, The Oaks at No. 5 with nearly 1.1 million square feet and Fallbrook Center in West Hills came in at No. 6 with 1 million square feet of retail space.

Simi Valley Town Center Simi Valley Town Center is a shopping center located in Simi Valley, California. The mall opened in 2005 with Macy's and Robinsons-May as anchor stores. The Robinsons-May store was converted into a Macy's Men and Home Store on September 9, 2006.  which opened in 2005 holds steady in its first year of business retaining its original number of 120 stores.

The number of shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into  stores on the list range from 31 to 270 stores with several locations anchored by movie theater complexes.

THE PACESETTER

WESTFIELD TOPANGA

THE largest retail shopping center in the greater San Fernando Valley is the newly expanded Westfield Topanga in Canoga Park with 1.6 million square feet.

In an effort to change the Valley's retail landscape, Westfield Westfield.

1 City (1990 pop. 38,372), Hampden co., SW Mass., a residential and industrial suburb of Springfield, on the Westfield River; settled c.1660, inc. as a city 1920. Bicycles, machinery, and paper and metal products are made.
 invested over $330 million to redevelop re·de·vel·op  
v. re·de·vel·oped, re·de·vel·op·ing, re·de·vel·ops

v.tr.
1. To develop (something) again.

2.
 the shopping mall shopping mall
 or shopping centre

Collection of independent retail stores, services, and parking areas constructed and maintained by a management firm as a unit. It is a 20th-century adaptation of the historical marketplace. In the U.S.
. When completed, the renovated center will add more than 140 stores, including a new three-level Nordstrom Nordstrom, Inc. (NYSE: JWN) is an upscale department store chain in the United States which was initially a shoe retailer, the company today also sells clothing, accessories, handbags, jewelry, cosmetics, fragrance, and home furnishings.  and a new two-story Target. Among the additional shops and boutiques added to the mall mall: see shopping center.

(World-Wide Web) mall - A collection of World-Wide Web documents featuring commercial products and services, usually served by one particualr Internet access provider.
 directory will be 66 retailers making their debut in the Valley.

The centerpiece of the redeveloped center is a new 30,000 square foot skylight skylight

Roof opening covered with translucent or transparent glass or plastic designed to admit daylight. Skylights have found wide application admitting steady, even light in industrial, commercial, and residential buildings, especially those with a northern orientation.
 and atrium atrium (ā`trēəm), term for an interior court in Roman domestic architecture and also for a type of entrance court in early Christian churches. The Roman atrium was an unroofed or partially roofed area with rooms opening from it. , as well as a new cafe-style dining terrace terrace, a level field built on top of a hillslope into the floor of a deep valley to improve cultivation of crops. Terracing uses the runoff from the hill to increase soil retentiveness and arability and is often part of a larger irrigation system that includes  with seating for 800.

Westfield Topanga is hoping to enhance the mall experience by stepping forward and offering innovative technology to make shopping easier and more enjoyable. Shoppers will benefit from new parking systems and plasma screens with the latest weather, sports scores and traffic information.

A new Neiman Marcus Neiman Marcus

U.S. department-store chain. It was founded in Dallas, Texas, in 1907 by Herbert Marcus, his sister Carrie Marcus Neiman, and her husband, A.L. Neiman.
, the sixth location in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , is slated to open at Westfield Topanga in 2008.

The renovation provided over 1,500 construction jobs and over 3,000 retail jobs in the completed center and is projected to bring in over $605 million in annual sales.
                                          Size
                                    * gross leasable      Income
       Retail Center                      area           * average
       * address                     (square feet)       household
Rank   * city/ZIP                  * number of stores     income

 1     Westfield Topanga             1,600,000 (1)        $95,580
       6600 Topanga Blvd.                 250
       Canoga Park 91303

 2     Northridge Fashion Center       1,500,000          72,927
       9301 Tampa Ave.                    200
       Northridge 91324

 3     Glendale Galleria               1,475,675          67,875
       2148 Glendale Galleria             270
       Glendale 91210

 4     Burbank Town Center             1,240,673          61,139
       201 E. Magnolia Blvd.              105
       Burbank 91501

 5     The Oaks                        1,086,222          64,816
       222 West Hillcrest Drive           130
       Thousand Oaks 91360

 6     Fallbrook Center                1,000,000          83,003
       6633 Fallbrook Ave.                 42
       West Hills 91307

 7     Antelope Valley Mall             940,000           70,625
       1233 Rancho Vista Blvd             153
       Palmdale 93551

 8     Westfield Valencia Town          860,500           86,879
       Center                             201
       24201 W. Valencia Blvd.
       Valencia 91355

 9     Westfield Fashion Square         843,200           92,276
       14006 Riverside Drive              120
       Sherman Oaks 91423

10     Burbank Empire Center            617,000           60,776
       1800 Empire Ave                     38
       Burbank 91504

11     Westfield Promenade              614,500           95,580
       6100 Topanga Canyon Blvd.           65
       Woodland Hills 91367

12     Simi Valley Town Center          600,000           105,000
       1555 Simi Town Center Way          120
       Simi Valley 93065

13     Camarillo Premium Outlets        454,600         70,806 (2)
       740 E. Ventura Blvd.               120
       Camarillo 93010

14     Panorama Mall                    324,959           61,890
       8401 Van Nuys Blvd.                 67
       Panorama City 91402

15     Promenade at Westlake            210,000         93,975 (2)
       140 Promenade Way                   31
       Thousand Oaks 91362

16     Calabasas Commons                198,388         117,080 (2)
       4799 Commons Way                    38
       Calabasas 91302

                                                            Profile
       Retail Center                                     * year opened
       * address                                           * parking
Rank   * city/ZIP                        Anchors            spaces

 1     Westfield Topanga           Nordstrom, Macy's,        1964
       6600 Topanga Blvd.                 Sears              6,100
       Canoga Park 91303

 2     Northridge Fashion Center    JCPenney, Macy's,        1971
       9301 Tampa Ave.              Pacific Theaters,        6,963
       Northridge 91324                   Sears

 3     Glendale Galleria            JCPenney, Macy's,        1976
       2148 Glendale Galleria           Mervyn's,            6,214
       Glendale 91210                 Nordstrom (4)

 4     Burbank Town Center            Ikea, Macy's,          1991
       201 E. Magnolia Blvd.         Mervyn's, Sears         5,720
       Burbank 91501

 5     The Oaks                     Macy's, JCPenney         1978
       222 West Hillcrest Drive                              4,500
       Thousand Oaks 91360

 6     Fallbrook Center              Mervyn's, Sport         1966
       6633 Fallbrook Ave.           Chalet, Target,         5,266
       West Hills 91307                  K-Mart

 7     Antelope Valley Mall            Dillard's,            1990
       1233 Rancho Vista Blvd         Gottschalks,           5,500
       Palmdale 93551              JCPenney, Mervyn's,
                                          Sears

 8     Westfield Valencia Town      JCPenney, Sears,         1992
       Center                            Macy's              5,822
       24201 W. Valencia Blvd.
       Valencia 91355

 9     Westfield Fashion Square      Bloomingdale's,         1962
       14006 Riverside Drive             Macy's              4,035
       Sherman Oaks 91423

10     Burbank Empire Center         Target, Lowe's,         2001
       1800 Empire Ave              Staples, Best Buy        2,801

       Burbank 91504

11     Westfield Promenade          Macy's, Barnes &         1971
       6100 Topanga Canyon Blvd.   Noble, AMC Theatres       2,662
       Woodland Hills 91367

12     Simi Valley Town Center           Macy's              2005
       1555 Simi Town Center Way                             2,800
       Simi Valley 93065

13     Camarillo Premium Outlets   Off 5th-Saks Fifth        1995
       740 E. Ventura Blvd.        Ave, Calvin Klein,         WND
       Camarillo 93010              Barney's New York
                                         Outlet

14     Panorama Mall                   La Curacao,           1980
       8401 Van Nuys Blvd.              Wal-Mart             1,469
       Panorama City 91402

15     Promenade at Westlake         Mann Theatres,          1996
       140 Promenade Way              Bristol Farms          1,206
       Thousand Oaks 91362

16     Calabasas Commons            Edward' Cinemas,         1998
       4799 Commons Way                  Ralphs              1,068
       Calabasas 91302

       Retail Center
       * address
Rank   * city/ZIP                          Web Site

 1     Westfield Topanga               www.westfield.com
       6600 Topanga Blvd.
       Canoga Park 91303

 2     Northridge Fashion Center        www.northridge
       9301 Tampa Ave.                 fashioncenter.com
       Northridge 91324

 3     Glendale Galleria           www.glendalegalleria.com
       2148 Glendale Galleria
       Glendale 91210

 4     Burbank Town Center          www.mediacitycenter.com
       201 E. Magnolia Blvd.
       Burbank 91501

 5     The Oaks                     www.shoptheoaksmall.com
       222 West Hillcrest Drive
       Thousand Oaks 91360

 6     Fallbrook Center              www.generalgrowth.com
       6633 Fallbrook Ave.
       West Hills 91307

 7     Antelope Valley Mall             www.av-mall.com
       1233 Rancho Vista Blvd
       Palmdale 93551

 8     Westfield Valencia Town         www.wesffield.com
       Center
       24201 W. Valencia Blvd.
       Valencia 91355

 9     Westfield Fashion Square        www.wesffield.com
       14006 Riverside Drive
       Sherman Oaks 91423

10     Burbank Empire Center        www.donahueschriber.com
       1800 Empire Ave
       Burbank 91504

11     Westfield Promenade             www.wesffield.com
       6100 Topanga Canyon Blvd.
       Woodland Hills 91367

12     Simi Valley Town Center       www.simivalleytc.com
       1555 Simi Town Center Way
       Simi Valley 93065

13     Camarillo Premium Outlets    www.premiumoutlets.com
       740 E. Ventura Blvd.
       Camarillo 93010

14     Panorama Mall                 www.panoramamall.com
       8401 Van Nuys Blvd.
       Panorama City 91402

15     Promenade at Westlake         www.shoppromenade.com
       140 Promenade Way
       Thousand Oaks 91362

16     Calabasas Commons              www.shopcommons.com
       4799 Commons Way
       Calabasas 91302

       Retail Center               Owner/Developer
       * address                   * headquarters
Rank   * city/ZIP                  * mall phone

 1     Westfield Topanga           Westfield Group
       6600 Topanga Blvd.          Los Angeles (3)
       Canoga Park 91303           (818) 594-8732

 2     Northridge Fashion Center   General Growth Properties
       9301 Tampa Ave.             Chicago
       Northridge 91324            (818) 885-9700

 3     Glendale Galleria           General Growth Properties
       2148 Glendale Galleria      Chicago
       Glendale 91210              (818) 246-6737

 4     Burbank Town Center         General Growth Properties
       201 E. Magnolia Blvd.       Chicago
       Burbank 91501               (818) 566-8556

 5     The Oaks                    Macerich Co.
       222 West Hillcrest Drive    Santa Monica
       Thousand Oaks 91360         (805) 495-4628

 6     Fallbrook Center            General Growth Properties
       6633 Fallbrook Ave.         Chicago
       West Hills 91307            (818) 885-9700

 7     Antelope Valley Mall        Forest City Enterprises Inc.
       1233 Rancho Vista Blvd      Cleveland
       Palmdale 93551              (661) 266-9422

 8     Westfield Valencia Town     Westfield Group
       Center                      Los Angeles (6)
       24201 W. Valencia Blvd.     (661) 254-0213
       Valencia 91355

 9     Westfield Fashion Square    Westfield Group
       14006 Riverside Drive       Los Angeles (6)
       Sherman Oaks 91423          (818) 783-0550

10     Burbank Empire Center       Principal Life Ins. Co. (5)
       1800 Empire Ave             Des Moines
       Burbank 91504               (714) 966-6428

11     Westfield Promenade         Westfield Group
       6100 Topanga Canyon Blvd.   Los Angeles (6)
       Woodland Hills 91367        (818) 594-8732

12     Simi Valley Town Center     Forest City Enterprises Inc.
       1555 Simi Town Center Way   Cleveland
       Simi Valley 93065           (805) 581-7155

13     Camarillo Premium Outlets   Chelsea Property Group
       740 E. Ventura Blvd.        Roseland, N.J.
       Camarillo 93010             (805) 445-8520

14     Panorama Mall               Macerich Co.
       8401 Van Nuys Blvd.         Santa Monica
       Panorama City 91402         (818) 894-9258

15     Promenade at Westlake       Caruso Management Co.
       140 Promenade Way           Calabasas
       Thousand Oaks 91362         (818) 222-3444

16     Calabasas Commons           Caruso Management Co.
       4799 Commons Way            Calabasas
       Calabasas 91302             (818) 222-3444

(1) Effective beginning October 2006

(2) From Allied data based on zip codes.

(3) U.S Headquarters, headquarters is located in Australia

(4) Target opening mid-2007.

(5) Donahue Schriber is managing agent.

Notes: Information for this list provided by the representatives
and websites of the owners/developers, the Los Angeles Business
Journal and Allied Van Lines City Profiles. Retail centers are
ranked by total gross leasable square footage.

To the best of our knowledge, this information is accurate as
of press time. While every effort is made to ensure the accuracy
and thoroughness of the list, omissions and typographical errors
sometimes occur. Please send corrections or additions on company
letterhead to the Research Department, San Fernando Valley Business
Journal, 21600 Oxnard St., Suite 250, Woodland Hills 91367.
[c] 2006 San Fernando Valley Business Journal. This list may not
be reprinted in whole or in part without prior written permission
from the editor. Reprints are available from Wright's Reprints,
(877) 652-5295 ext. 104 or e-mail jmartin@wrightsreprints.com.

Researched by Barbara Sheppard
COPYRIGHT 2006 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:REAL ESTATE
Author:Sheppard, Barbara
Publication:San Fernando Valley Business Journal
Article Type:Reprint
Date:Dec 25, 2006
Words:1673
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