Hawthorne Mall Just went up for sale

Hawthorne Mall, a prominent shopping center in Los Angeles County, is up for sale after being closed for decades. Located at 12000 Hawthorne Blvd. in Hawthorne, California, this 25-acre property has garnered significant attention due to its appearances in popular television shows and movies such as "Minority Report," "Westworld," "Gone Girl," and "Tenet." The mall, which was previously known as Hawthorne Plaza, was built in the 1970s but closed its doors in 1999. With its prime location and immense potential for redevelopment, the property has become a sought-after opportunity for developers.

The Sale of Hawthorne Mall

 The Charles Co., a West Hollywood-based owner, has enlisted the services of Cushman & Wakefield to market and sell Hawthorne Mall. The enclosed mall spans an impressive 935,025 square feet, making it a significant development opportunity in the Greater Los Angeles market. The property is being listed without a public price tag, and the seller is open to providing financing options. This flexibility makes the site even more attractive to potential developers.

Redevelopment Possibilities

 Hawthorne Mall presents a range of possibilities for redevelopment. Developers can explore options such as converting the space into housing, commercial offices, light industrial facilities, studio and production spaces, or medical offices. The site's size and location offer ample room for creativity and innovation. Given the increasing demand for diverse real estate solutions, including the conversion of retail centers into alternative properties like apartments, Hawthorne Mall's potential is particularly enticing.

A Rich History and Notable Features

Hawthorne Mall opened its doors in early 1977, boasting three anchor stores, including a J.C. Penney. However, the mall faced financial challenges due to job losses in the area and competition from newer nearby shopping centers. The property was also subject to looting and damage during the 1992 Los Angeles riots. Despite numerous plans for redevelopment over the years, none have come to fruition.

The mall's interior has served as a backdrop for various television shows and movies, adding to its cultural significance. Its recognizable presence in popular media has further increased its appeal to potential developers and investors.

The mall itself comprises a two-story retail shopping structure, providing approximately 915,000 square feet of space. Additionally, there is a separate 20,000-square-foot office building on the premises. The property features parking garages, subterranean parking, and ample surface parking, providing convenience for visitors and potential tenants.

A Challenging Past and a New Beginning

The sale of Hawthorne Mall comes on the heels of a challenging period for its developer, The Charles Co. In December 2022, co-founder Arman Gabaee received a four-year prison sentence for attempting to bribe a Los Angeles County official. Gabaee had offered a $1 million home in exchange for the official's assistance in securing a $45 million lease at Hawthorne Mall. Despite this setback, the property remains an attractive investment opportunity.

Hawthorne's Thriving Surroundings

Since the closure of Hawthorne Mall, the city of Hawthorne has experienced significant growth and investment. Notable companies such as SpaceX, Tesla, and Ring have established a presence in the area, bringing economic prosperity and employment opportunities. Hawthorne is located approximately 13 miles southwest of downtown Los Angeles in the South Bay region, making it an appealing location for businesses and residents alike.

The Future of Hawthorne Mall

With its rich history, notable appearances in popular media, and prime location, Hawthorne Mall represents a promising opportunity for redevelopment. Cushman & Wakefield, alongside brokers Mike Condon Jr., Erica Finck, McKenna Gaskill, and Kylie Rawn, are actively marketing the property for sale. The site's potential for various uses, including housing, office spaces, retail, and more, makes it an attractive investment option for developers seeking to transform this iconic shopping center into a vibrant and dynamic hub.

Conclusion

Hawthorne Mall's availability for sale presents a unique chance for developers to reimagine and revitalize a significant property in Los Angeles County. Its size, location, and cultural significance make it an appealing investment opportunity. With a range of redevelopment possibilities and the support of industry experts, this iconic shopping center has the potential to become a thriving and innovative space that contributes to the growth and vibrancy of the local community.

So, if you're a developer looking for a compelling project or an investor seeking an exciting opportunity, Hawthorne Mall beckons with its rich history, untapped potential, and promise of a brighter future.