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New York Investors Buy Troubled Anaheim Mall

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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.

Mark Mueller
Mark Mueller
Mark is the Editor-in-Chief of the Orange County Business Journal, one of the premier regional business newspapers in the country. He’s the fifth person to hold the editor’s position in the paper’s long history. He oversees a staff of about 15 people. The OCBJ is considered a must-read for area business executives. The print edition of the paper is the primary source of local news for most of the Business Journal’s subscribers, which includes most of OC’s major corporate and community players. Mark’s been with the paper since 2005, and long served as the real estate reporter for the paper, breaking hundreds of commercial and residential real estate stories. He took on the editor’s position in 2018.

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