New York Investors Buy Troubled Anaheim MallWednesday, October 3, 2012
A trio of New York-based investment firms has partnered to buy the struggling Anaheim Gardenwalk shopping center.
Arcturus Group LLC, Avenue Capital Group and Elliott Management Corp. closed on the purchase of the 466,417-square-foot dining, entertainment and retail center.
Terms of the deal were not immediately disclosed. The new owners plan to transition the mall, which is about 50% leased, into more of an entertainment center.
The mall, located across from Disneyland and the Anaheim Convention Center, was put up for sale by its lenders late last year.
For more details, see the October 8 edition of the Business Journal.