RETAIL REAL ESTATE VISIONARY SEGERSTROM DIES

An iconic figure in our industry has passed away.  According to in memoriam posted by ICSC:  “Henry T. Segerstrom, creator of one of America’s most iconic malls — South Coast Plaza — died Friday. He was 91.

 “Segerstrom grew up on a farm in Costa Mesa, Calif., on land that had been amassed by his father. The area had little to offer except agriculture, but Segerstrom had a vision that would change all that. In 1967 he opened South Coast Plaza and in 1978 persuaded Nordstrom to open its first department store outside the Pacific Northwest at his mall. Other upscale retailers soon followed, including Hermès, I. Magnin, Saks Fifth Avenue and a series of expensive European boutiques. Thus South Coast Plaza became one of the highest-performing shopping centers in the world, with annual sales that now exceed $1.7 billion.”


Mr. Segerstrom and his company he headed have been very active in our association for many years.  Last November, South Coast Plaza and the Segerstrom Family were awarded one of our industry’s highest recognitions, “CBPA Champion of Industry.”

Click here to read more about Segerstrom’s accomplishments.

© 2007-2012 Building Owners and Managers Association of California (BOMA Cal)