Big Mall Buyer Pockets Eastdale Mall
The largest mall buyer in the country recently snapped up one of Alabama’s oldest malls.
Montgomery’s Eastdale Mall, which opened in 1977, was bought last week by Mason Asset Management, Namdar Realty Group and CH Capital Group.
“Acquisitions are a direct reflection of our evaluation of the potential of a given property and redeveloping those properties to optimal performance is always the goal,” said Elliot Nassim, president of Mason Asset Management. “When it comes to that redevelopment, the partnership works diligently to determine what use for the property will best benefit the surrounding neighborhood and reinvigorate the local community that these malls call home.”
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