The malls in the portfolio are, in Alabama, the 1.3-million-sf Bel Air Mall in Mobile and the 527,000-sf University Village, in Auburn; in Georgia, the 508,000-sf Glynn Place in Brunswick, and the 536,000-sf Valdosta (GA) Mall; the 450,000-sf Greenville (NC) Mall; and the 524,000-sf Colonial Mall Myrtle Beach (SC). The open-air assets, both near Birmingham, AL, are the 440,000-sf Pinnacle at Tutwiler Farm and the 644,000-sf Promenade at Tutwiler Farm.

Many of the properties are part of a portfolio that GG&A's parent company, Sydney, Australia-based Babcock & Brown bought http://www.globest.com/news/535_535/retail/145458-1.html in a joint-venture deal last year. Including those properties, GG&A manages or holds interests in 22 mall across the US.

Babcock agreed in May to purchase GG&A in a deal to close some time next month. The firm invests in a variety of industries around the world.