Marcus & Millichap brokered the sale of the 580,000-square-foot University Mall in Carbondale, Ill.
The value of the transaction was approximately $49.9 million.
University Mall is located at 1237 E. Main St. near the crossroads of Route 113 and U.S. 51. Famous Barr, JCPenney, Bed Bath & Beyond, Old Navy, Goody’s, Michael’s and K’s Merchandise anchored the mall at the time of sale, along with more than 70 specialty retailers.
Bayview Financial, a Miami-based owner, sold the property to Stoltz Management, a private capital fund headquartered in Philadelphia.
Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.
***
What’s your opinion? Send your Letter to the Editor to opinion@inman.com.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!