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Owner of Aging Livonia Mall Looks to Sell

LIVONIA, MI-The 86-store enclosed mall is 38 years old and needs larger tenants to attract a buyer, says vice president of operations Karl Zarbo, hired in part to create an attractive package to a future buyer.

By Robert Carr | Updated on October 04, 2001

LIVONIA, MI-The owner of the 86-store Livonia Mall is switching focus, a spokesman says, in order to bring life back into the 38-year-old complex on Seven Mile Road. Jack Shenkman, who’s owned the mall since it was built, wants to build up the value of the mall and sell it, says Karl Zarbo, vice president of operations.

Zarbo says doing that has cost time and effort, and the upgrade is progressing. He tells GlobeSt.com there are a few plans in progress to consolidate the many tenants. One plan entails bringing in big-box retailers into themall to add to the current anchors of Sears, Mervyn’s and Value City.

“If we could just put all the space together for a few large tenants, ultimately the result would enhance the value of the asset,” Zarbo says.

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