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Towne West Square was purchased for $14 million in July 2019. [32] Towne Square Mall was sold for $5.15 million to Towne Square Mall Holdings LLC in December 2019. [33] [34] Village Square Mall was sold to Durga Property Holdings in early 2020. [35] [36] Ashtabula Towne Square and other properties was purchased for $10.2 million in February 2020.
Richmond Town Square was planned to be demolished in fall 2020. However, the mall remained open throughout the rest of 2020 and until May 6, 2021 when it finally closed for good. [ 15 ] In June 2021, an event was held in the parking lot of the former Sears showing locals the plans of Belle Oaks.
Namdar Realty Group is an American shopping mall investment company based in Great Neck, New York. They primarily purchase dying or dead shopping malls with partner Mason Asset Management . [ 3 ] [ 5 ] Namdar and Mason are both family owned, and as of 2021, own over 400 properties including 100 plus malls.
From stock market news to jobs and real estate, it can all be found here. ... 4,800-square-foot (446-sq-meter) home in the Los Angeles neighborhood of Pacific Palisades in June to merge two ...
Kohan Retail Investment Group purchased the mall for $2.9 million in May 2018. Macy's was not part of the sale due to owning its building. Additional property purchases around the mall totaled $1.1 million. [13] [14] Towne Square Mall was again sold in December 2019 to Towne Square Mall Holdings LLC (TSM Holdings LLC) for $5.15 million.
THF Realty is a national investor, developer, manager and owner of commercial real estate, including shopping centers and office buildings. THF stands for "To Have Fun." THF stands for "To Have Fun." [ 1 ] The company owns properties in almost half of the U.S. states .
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