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New owner for Flagstaff Mall in Arizona
The 388,000-sq.-ft. Flagstaff Mall has been acquired by Dallas-based Cypress Equities for an undisclosed sum. The single-level center opened with two anchors in 1979 and added a third anchor when it was expanded in 1987. Cypress plans to add three outparcel pads amounting to 18,000 sq. ft. to the former Woodmont property, and is exploring the conversion of select inline retail space to new uses. “It is our goal to establish Flagstaff Mall as the dominant retail destination in northern Arizona,” said Cypress CEO Chris Maguire. -
Shop Talk
TRENDING STORES: Two Canadian brands are dropping anchor in the United States. Health and beauty retailer Saje Natural Wellness, which operates 45 locations up north, will open two stores in the Los Angeles area by year end. Another 25 stores are on tap for 2017. Featuring natural wellness, personal and home care products and accessories, Saje stores are open, light and airy, with a high level of design. The Saje store at Toronto’s Sherway Gardens features a 30-foot Italian tile façade.

