Overview

• The partners acquired the 646,000-square-foot, 47-year-old enclosed center in Longview, Texas, the only enclosed mall within roughly 45 miles.
• Trademark will oversee day-to-day operations and leasing under the new ownership.
• Dillard’s co-CFO Chris Johnson said the move aims to keep the mall out of the hands of industry “bad actors” accused of letting properties deteriorate.
• The new owners plan capital improvements to modernize the property while keeping anchor and inline tenants in place.
• The mall previously belonged to WPG, which has been selling remaining centers, and the buyers did not disclose how they split the purchase price.