Huntington Beach
Site Map
Photo Gallery

Bella Terra HB Mall
Phone: 714-897-2533


News Release - Bella Terra Huntington Beach Mall  August 2005

HUNTINGTON BEACH '  In the news for Huntington Beach, California: San Jose-based DJM Capital Partners, along with a consortium of investors, has announced it will purchase Bella Terra mall in Huntington Beach. Long known as the Huntington Beach Mall or Huntington Center,  Bella Terra is being reconfigured as a $170 million open-air entertainment, dining and shopping plaza that will feature a 20-screen stadium movie theater, discount retailers such as Kohl's and Mervyn's, and restaurants such as California Pizza and Islands.

D. John Miller is purchasing the the 43-acre, Tuscany-design mall from Huntington Center Associates, LLC, a partnership between Calabasas-based Ezralow Retail Properties and other investors who bought the land in 1999 and sought to build an upscale rival to Fashion Island.

Existing discounters Burlington Coat Factory and Montgomery Ward wanted in, and the City Council balked at using eminent domain to force them out. Montgomery Ward went belly-up soon after, and the mall was retooled to incorporate Burlington, but not without a huge campaign by Burlington Coast Factory and its employees and managers located at the mall. For months, Burlington Coat Factory Huntington Beach employees and even shoppers attended Huntington Beach City Council meetings and spoke the allotted 3 minutes each, stretching the council meetings into the wee hours of the morning. Their impassioned pleas to let Burlington remain were effective and today, many of those people are still in the store, greeting customers, hanging up clothes and marking merchandise as it comes in.

DJM has assets of $600 million in retail and residential complexes that include a La Habra mall. Bella Terra, with nearly 800,000 square feet of shops, would be twice as large as any of the company's previous acquisitions.

In July 2005, the new Bella Terra sales agreement eliminated $15 million in subsidies that Huntington Beach had promised to pay the property owner, using construction delays as the basis for removal.

Bella Terra Associates, LLC, the name of Miller's investment group, didn't notice the subsidies had been eliminated until after signing the sale agreement, according to , said Bob Beardsley, acting City Adminstrator for Huntington Beach. The contract was re-negotiated and the City agreed to pay $13.5 million.

Currently appraised at $43 million, the Bella Terra Huntington Beach Mall leasing firm is CB Richard Ellis.