Thor's $65m mall buy.Joseph J. Sitt, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of New York-based Thor Equities. announced the acquisition of Merritt Square Mall, an 840,295 s/fenclosed shopping mall, located in Merritt Island, Florida Merritt Island is a census designated place in Brevard County, on the Atlantic coast of the U.S. state of Florida. As of the 2000 census, the population was 36,090. The name "Merritt Island" also refers to the extent of the former island, which is now a peninsula. , a suburb suburb, a community in an outlying section of a city or, more commonly, a nearby, politically separate municipality with social and economic ties to the central city. In the 20th cent. of Orlando. The retail purchase includes 99,579 s/f of outparcel property, bringing the total area acquired to 939,874 square feet. Anchored by Sears, Dillard's, JCPenney, and Cobb Theater, Thor Equities purchased the property for $64.5 million from Bayview Financial. The development company plans to invest in mall improvements and will seek to attract additional, national and regional restaurant and fashion tenants. "Thor Equities is prepared to invest in Merritt Square Mall to ensure that it achieves its full potential as a preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae retail center," said Mr. Sitt. |
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