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Greenbriar Mall's New Owner Kept Secret

ATLANTA-The sale of the city's first enclosed retail center involves distress and foreign investment.

By Carl Cronan | Updated on February 24, 2010

ATLANTA-The new owners of Greenbriar Mall plan significant capital improvements to the 807,697-square-foot property on 94.5 acres. They just don’t want anyone to know who they are, or how much they paid.

Hendon Properties LLC says it has sold the 1960s vintage mall, one of Atlanta’s first enclosed retail centers, to a “foreign investor” that it declined to identify. Jones Lang LaSalle handled the sale of the mall, which had been in danger of foreclosure, according to a report by the Atlanta Journal-Constitution.

“In the past year, we’ve positioned Greenbriar extremely well with much positive leasing momentum,” Charlie Hendon, the mall’s previous co-owner, stated in a release. The mall is currently 94% occupied and anchored by Macy’s.

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