Malibu market owned by Wal-Mart heiress gets retail makeover

RKF will re-tenant space, leasing to “upscale retail tenants”

TRD LOS ANGELES /
Mar.March 21, 2016 04:00 PM

From the Beverly Center to Westfield’s Century City mall, many of L.A.’s shopping destinations are trying to reinvent themselves. The Trancas Country Market in Malibu, owned by Wal-Mart heiress Paige Laurie, can now be added to that list.

Laurie wants to attract upscale retail and dining tenants and add new seating areas to the Western Malibu shopping center, she said in a release. The center, which sits on a 17-acre nature sanctuary at Pacific Coast Highway and Trancas Canyon Road, is more known for its rural charm that for luxury fare in its current state. 

Robert Cohen, Rachel Rosenberg and Samantha Federman of the retail real estate firm RKF have been assigned to handle the new leasing efforts for the center.

“As we re-tenant the spaces, we are pursuing a cohesive mix of high-end retailers and designers, as well as artisans native to the trade area and retailers that cater to the community’s fitness enthusiasts, cyclists and beachgoers,” Cohen said.

One of the first new tenants is Le Village Café, founded by French restaurateur Francois Clausse, which will open in spring.

While the Trancas center had a country vibe at its inception, the local shopping center made national news by way of TMZ  in 2014 when Paige Laurie — whose mother, Natalie Walton Laurie, and aunt Anne Walton Kroenke inherited a multibillion-dollar fortune when their father, Wal-Mart co-founder Bud Walton, died filed for divorce from her husband of five years, Patrick Bode Dubbert.

In addition to the divorce filings, Laurie filed a civil suit against Dubbert, accusing him of funneling money out of the Trancas market, which Laurie had financed.

Allegedly, Dubbert had hired a friend to co-manage the project. The buddies allegedly named themselves general contractors on the project in order to raise their monthly pay from $15,000 to $75,000. This was on top of the $250,000 a year Patrick was already being paid to monitor the project.

 

Related Articles

arrow_forward_ios
Chris Cortazzo (Credit: Marc Piasecki/GC Images via Getty Images)

One person, three roles: Chris Cortazzo buys $20M Malibu home, serves as agent for both sides

One person, three roles: Chris Cortazzo buys $20M Malibu home, serves as agent for both sides
Steve Levitan and the home (Credit: Jason LaVeris/FilmMagic via Getty Images and Google Maps)

Steve Levitan of “Modern Family” fame asks $16M Malibu beach pad

Steve Levitan of “Modern Family” fame asks $16M Malibu beach pad
Los Angeles County plans to clear several businesses to reopen over the next 10 days

Malls, nail salons, other LA businesses to open in next 10 days

Malls, nail salons, other LA businesses to open in next 10 days
Pierce Brosnan (Credit: Andreas Rentz/Getty Images)

$99M is not enough: Pierce Brosnan lists Malibu manse at massive price

$99M is not enough: Pierce Brosnan lists Malibu manse at massive price
Eli Broad and the house (Credit:: Mathew Imaging/WireImage via Getty Images, and Google Maps)

Eli Broad’s $75M Malibu beach house listing got another price chop

Eli Broad’s $75M Malibu beach house listing got another price chop
James Cameron and the property (Credit: Mike Pont/FilmMagic via Getty Images, and The Altman Brothers)

James Cameron lists longtime Malibu haunt for $25M

James Cameron lists longtime Malibu haunt for $25M
Taraji P. Henson, Cardi B, and Matthew Perry (Credit: Rich Fury/Getty Images, Frazer Harrison/Getty Images, and Frederick M. Brown/Getty Images)

Cardi B, Taraji P. Henson among celebs renting $35K/month Malibu pad

Cardi B, Taraji P. Henson among celebs renting $35K/month Malibu pad
Chris Cortazzo and 28848 Cliffside Drive (Credit: Google Maps)

Chris Cortazzo reps himself in $39M Malibu deal

Chris Cortazzo reps himself in $39M Malibu deal
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...