Coyote Buys 634,181-SF Alton Square Mall

ALTON, IL- A partnership between Coyote Management and Torreonbridge National Investments LLC, dubbed Coyote Alton Mall LP, has purchased Alton Square Mall from Simon Property Group. Coyote officials would not give an exact figure of the purchase price of the 29-year-old mall, only to say that it was “more than $15 million.”

The 634,181-sf mall is currently more than 25% vacant, says Mike Rulli, the Coyote CEO. “We specialize in taking advantage of these situations in the secondary markets,” Rulli tells GlobeSt.com. The purchase is the Dallas company’s ninth acquisition, though according to its website, Coyote has sold seven of its former properties and is only holding/managing the 552,163-sf Temple Mall in Temple, TX.