Westfield has been awarded the Concession Management contract at LAX!
By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Westfield Concession Management LLC has been awarded the Concession Contract at LAX In Case you missed this news, this is not your ordinary Concession Contract. It is a seventeen year contract to develop, lease and manage food and beverage and retail concession in three terminals at Los Angeles International Airport. Westfield is expected to spend initially in improvements about $80million and probably another $20 million in midterm refurbishments. Keep in mind that in January Westfield also won a similar 17 year concession agreement at the Tom Bradley International Terminal. Peter Lowy, Westfield Group chief executive officer said that they are fully committed to bring their global resources and development expertise to deliver an iconic world-class airport experience. Now this really ...
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