The mall, at 3984 W. Hillsboro Blvd., is approximately 94% occupied. Tenants include Publix, Office Max, T.J. Maxx, The Sports Authority, Marshalls, Walgreens and Sunrise Cinemas.
As a condition of the mall's sale, it will undergo a significant renovation this year, costing at least $450,000, Barry Ross, a principal in the buying partnership, says in a statement. William Matz is also a principal in the partnership.
"We made the offer to get the city to agree to resolve some code enforcement issues that were clouding the title," Ross states. He added that the mall is suffering from delayed maintenance. The improvements will include painting, a new facade and awnings, acid cleaning and extensive landscaping. "You won't recognize the place," Ross adds.
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