$123m Granite sale.Granite Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , representing D. Talmage Hocker, has arranged the sale of the 930,000 s/f Oxmoor Center Oxmoor Center is a Louisville, Kentucky shopping mall located at 7900 Shelbyville Road in eastern Louisville. Opened in 1971 on the opposing side of the Watterson Expressway from Mall St. Mall in Louisville, Kentucky  “Louisville” redirects here. For other uses, see Louisville (disambiguation). for $123 million. The purchaser was the Rouse Company. In total, the mall generates $230 million in annual sales with in-line stores generating nearly $400 per square foot in sales. Rouse already owns Mall St. Matthews Mall St. Matthews is a Louisville, Kentucky shopping mall located at 5000 Shelbyville Road in the eastern suburb of St. Matthews. Opened in 1962 and originally named The Mall, it was the first shopping mall in the state of Kentucky. . "Oxmoor and Mall St. Matthews are the two best malls in Louisville, with combines sales of $450 to $500 million," said Mr. Hocker. "Rouse will now dominate the market and will achieve economies of scale in leasing and operations." Gerry Mason, executive managing director of Granite Partners, said that the pricing was extremely strong for a secondary market mall. "The cap rate was below six percent, reflecting strong market fundamentals and Rouse's desire to solidify its position in Louisville," said Mr. Mason. |
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