Bohannon Companies and Northwood Investors Form New Partnership with Hillsdale Shopping Center

SAN MATEO, Calif., Dec. 7, 2021 /PRNewswire/ -- The Bohannon Companies announced today a new strategic partnership with global real estate investment firm Northwood Investors LLC ("Northwood") to support and extend the Bohannon family's vision and work with the community to guide the future of Hillsdale Shopping Center, which has served the San Mateo community for more than seven decades, and to improve mall leasing and operations in the evolving retail environment.
Bohannon Companies and Northwood Investors Form New Partnership with Hillsdale Shopping Center
The partnership will manage and operate the 47-acre shopping center that offers more than 120 specialty stores and restaurants. Northwood, through its Northwood Retail platform will utilize its national profile and tenant relationships to improve the property in the changing retail landscape.A Hillsdale Shopping Center's management team have transitioned to Northwood Retail and will continue in their existing roles, bringing their deep local experience and knowledge to the partnership.Of critical importance to the shopping center is the ongoing effort to Re:Imagine Hillsdale, launched in December 2019 with an invitation to the San Mateo community to share priorities as the Bohannon family contemplates the next era for Hillsdale. The partnership's formation brings additional experience and expertise to this effort, and all parties are aligned in the need to re-envision the center in partnership with the community for the future, focusing on the shared values and needs of the City of San Mateo."We are committed to continuing our family's relationship with this property and its service to the San Mateo community as we have done for the past 75 years," said David D. Bohannon II, president and CEO of the David D. Bohannon Organization. "This partnership with Northwood will preserve that legacy and strengthen our ability to ensure Hillsdale can serve an even greater purpose for this community in the decades ahead. Most importantly, it protects the process of implementing our evolution in collaboration with San Mateo. Northwood understands that Hillsdale is not only our family's legacy - it's San Mateo's legacy as well."
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