The sellers were Simon Property Group of Indianapolis, IN; O'Leary Properties Inc., Atlanta; and Nomura Asset Capital Corp., New York.

Thor chairman/CEO Joseph J. Sitt plans to invest another $15 million in upgrading the individual stores and property signage. Russell Simmons, founder of Phat Farm and Def Jam Records, is Thor's partner in the deal.

Sitt says he is confident Thor can improve the mall's future value because "the Decatur community is very supportive of this property and its great potential makes it a perfect fit in our urban retail portfolio."

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