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Largest Michigan Mall Purchased by New Jersey Firm

SOUTHIFELD, MI-Jager will own and operate the Northland Mall here--and, it is expected, breathe new life into the asset.

By Robert Carr | Updated on October 12, 2000

SOUTHIFELD, MI-Southfield’s Northland Center, Michigan’s largest mall–but one that has slipped in value over the years–has changed hands. GP Northland Center LLC of Maple Shade, NJ has picked up the two-million-sf faded-glory asset from Equitable Life Assurance Society of Atlanta.

Jager Management, an affiliate of GP, will manage the mall. Northland is 46 years old, and has seen better years since it was one of the first suburban malls in the Detroit area. It’s now about 85% occupied. Just south of Eight Mile Road, the border to Detroit, it has lost business due to crime concerns and closed stores.

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