Westfield Broward

Broward Mall dropped the Westfield name in 2021, when Unibail-Rodamco-Westfield turned the property over to its lenders after missing loan payments since April 2020. Pacific Retail Capital Partners now manages the 1,025,005 sqft center on behalf of the CMBS trust that won the property at a foreclosure auction with a $43 million credit bid.

The mall opened in August 1978 with Burdines, Sears and Jordan Marsh as anchors, before passing through Mills Corporation, a Simon Property Group joint venture, and Westfield’s 2007 purchase on the way to its current lender ownership. Macy’s, JCPenney, Dillard’s and Regal Cinemas form the active anchor stack, with Best Buy, H&M and Victoria’s Secret carrying the inline mix.

The former Sears building, spun off to Seritage Growth Properties in 2015 and reduced to half its size before closing in 2018, sat vacant and unfinished for years before Midtown Group bought the site for $28 million in December 2024 to redevelop it separately from the rest of the mall.

That split, an operating mall under lender ownership next to a redevelopment parcel under a different buyer entirely, reflects a pattern several other South Florida malls from the same development era are following: the retail core keeps trading under Pacific Retail Capital Partners’ management while the surrounding anchor real estate gets developed on its own separate timeline.