Lakewood Towne Center
In 2001 Lakewood Mall was acquired from ATC Realty Sixteen Inc. (a Wells Fargo subsidiary) by MBK Northwest (a Mitsui subsidiary) for $28 million. MBK had previously redeveloped the Jantzen Beach SuperCenter in Portland, Oregon and the Parkway SuperCenter in Tukwila, Washington. The enclosed portion of Lakewood Mall was demolished in 2001, leaving the anchor stores largely intact to make way for Lakewood Towne Center, which opened in 2002.
In 2004, MBK sold two-thirds of its interest in the mall to Inland Western for $81.1 million. The mall has more than 80 tenants.
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