Leominster mall sold for $82M; Chicago company buys Mall at Whitney Field.
Byline: Mary Jo Hill
LEOMINSTER - The Mall at Whitney Field has a new owner, after being sold for just under $82 million to a Chicago investment firm, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. information from the Registry of Deeds registry of deeds n. the records of land title documents kept by the County Recorder or Recorder of Deeds. These are usually kept on microfilm reels of copies of the original documents, which can be found by tracing the names of owners in the Grantor-Grantee index. .
Walton Street Walton Street is a street in central Oxford, England, located in the heart of the area known as Jericho.
The street runs north from the western end of Beaumont Street where the main entrance of Worcester College is located. Capital LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control of Chicago, which has invested about $3 billion in a variety of residential, commercial, industrial and retail properties, bought the property from Gregory Greenfield & Associates Ltd. of Atlanta, according to records.
The purchase price of $81.95 million includes the firm assuming a $74.75 mortgage, according to the deed, which was recorded Friday.
Walton Street Capital declined to comment about the purchase.
The mall was known as Searstown until the name was changed in 2004. Some people have found old habits hard to break, however, and still just call it Searstown.
The mall's value has steadily increased over time. Gregory Greenfield bought the mall in 2003 for $64.5 million from Kimco Realty Corp. of New Hyde Park New Hyde Park, village (1990 pop. 9,728), Nassau co., SE N.Y., on Long Island; inc. 1927. It is a residential community with some manufacturing and truck farms. Nearby is the uninc. town of North New Hyde Park (1990 pop. 14,359). , N.Y., according to a news release from that time. Gregory Greenfield specializes in buying and repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery. regional shopping malls. It has a portfolio of 17 regional shopping centers comprising 12.2 million square feet.
Kimco, which had owned the mall for a number of years, reported in 2003 that it gained $30 million on the sale of the mall.
The purchase includes the mall, as well as buildings housing Toys R Us and Circuit City, said Shelly A. Clark, marketing manager for Jones Lang LaSalle Jones Lang LaSalle (NYSE: JLL) is a major real estate and money management services firm headquartered in the Aon Center in Chicago, Illinois and the only company in its industry making it into Fortune magazine's list of the 100 Best Places to Work in the U.S. , which manages the mall and will continue to do so under the new owner.
There are more than 70 stores at The Mall at Whitney Field, and they were notified about the sale on the day it was sold, Ms. Clark said. The mall was built in 1967 and renovated in 2004. Ms. Clark said a news release about the sale is planned this week.
Jones Lang LaSalle, a real estate services organization, currently manages more than 50 retail properties comprising approximately 32 million square feet.