Unable to fill a 300,000-sq.-ft. space left vacant by Macy’s, Brookfield Properties has given up its attempt to save Water Tower Place, the first indoor mall built in Chicago.
A New Jersey-based real estate investment firm, most of whose 43 outdoor centers are found east of the Mississippi River, has purchased its first property in Texas.
What once was Michigan’s Mall of Monroe, between Detroit and Toledo, was devoid of traffic for years after the departure of anchors like Target and J.C. Penney’s.
With its latest acquisition, North American Properties claims to have achieved “critical mass” control over aspirational mixed-use developments in the tony North Atlanta suburbs.
