Partnership Acquires Two Malls in Texas Totaling 1.2 Million Square Feet

San Antonio and Amarillo, Texas — A partnership between Mason Asset Management, Namdar Realty Group and CH Capital Group has acquired South Park Mall in San Antonio and Westgate Mall in Amarillo. South Park Mall spans 663,978 square feet across 48.5 acres. The mall was originally built in 1968 and has been renovated several times, most recently in 2018. The asset was 95 percent leased at the time of sale to tenants including anchors JC Penney, Dick’s Sporting Goods, Beall’s, Old Navy, Ulta Beauty and The Vitamin Shoppe. Westgate Mall was built in 1982 and has also been renovated several times, most recently in 2017. The mall was 80 percent leased at the time of sale to tenants including Dillard’s, Beall’s, Premiere Cinema, Shoe Dept. Encore and Forever 21.

Dave Monahan, Cameron Pittman, Akhil Patel, Claudia Steeb and Barry Brown of JLL represented the undisclosed seller in each transaction.

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