— The Chicago Blackhawks acquired several assets from the NHL, including a number to a Chicago property developer, the team announced Wednesday.
Westdale Asset Management, the owner of a shopping center in downtown Chicago and other properties, said in a statement that it was pleased to be able to acquire the assets.
Westfield Development of Los Angeles, which is owned by the team, is the developer of the arena and retail center that the Blackhawks will build in the downtown.
The Blackhawks’ NHL expansion team is looking to build a new arena in the Chicago suburb, where the team has played since 2006.
The team’s ownership group announced last week that the team plans to build an arena in suburban Chicago.
The Westdale asset managers deal includes the shopping center, which has offices in the building, as well as the parking garage and parking lot, the statement said.
Westend Development, which also owns the shopping mall, will use the shopping complex as the company’s headquarters.
It said it will pay $3.2 million to acquire Westend’s existing shopping center property and $1.5 million to buy a portion of the adjacent parking lot.
The purchase price was not disclosed.
The deal was first reported by the Chicago Sun-Times.
The Chicago team will have to pay Westend the $1 million to $2.5 billion in annual rent it has been paying since its 2010 move from Oklahoma City to Milwaukee.
Westend is in the process of renovating its parking lots, which will cost about $200 million.
The team had planned to move the team to a new downtown arena in 2020, but postponed the move when it agreed to a 10-year lease extension.
The NHL had previously said it would not extend the lease for at least another 10 years and could not provide a timeline for the team’s return.