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NewsKPBS Public MediaAugust 4, 2026San Diego

HP Bonita Investments LLC acquires Plaza Bonita shopping center

HP Bonita Investments LLC has purchased the Plaza Bonita shopping center in National City from Westfield. The new owners have appointed Centennial Real Estate Management LLC to manage the property, replacing the previous management.

commercial real estateeconomic developmentNational Cityretail
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Why It Matters

Plaza Bonita is a major regional employer and community hub in South Bay, and the change in ownership and management creates uncertainty regarding future operations and development for local residents and business tenants.

Key Facts

  • HP Bonita Investments LLC acquired Plaza Bonita from Westfield in late July.
  • Centennial Real Estate Management LLC has been appointed as the new property manager.
  • Plaza Bonita opened in 1981 and is one of the largest shopping centers in South Bay.
  • Westfield is selling assets as part of a strategy to reduce its financial exposure in the United States.
  • Centennial Real Estate Management LLC also manages the Mission Valley shopping center.
  • The new owner, HP Bonita Investments LLC, is based in South Carolina with a legal domicile in Delaware.
  • Plaza Bonita hosts over 30 dining options.
  • Westfield signage has been removed from the property.

Who's Mentioned

organizationHP Bonita Investments LLC“The new owner of the shopping center.”other26“Number of friends in a social group meeting at the mall.”organizationUnibail-Rodamco-Westfield“Parent company of Westfield.”other30“Number of dining options at the mall.”locationNational City“The city where the shopping center is located.”locationPlaza Bonita“The shopping center being sold.”personPedro García“Economic development manager for National City.”organizationWestfield“The previous owner of the shopping center.”organizationCentennial Real Estate Management LLC“The new property management company.”