HASTINGS, NEB. — Namdar Realty Group has purchased Imperial Mall in Hastings. The purchase price was not disclosed, but The Grand Island Independent, a local newspaper, reports the property sold for $1.05 million. A Kmart and Herberger’s anchor the 340,000-square-foot retail center. Napoli’s restaurant is also located at the mall. All the tenants at Imperial Mall have short-term leases, according to Namdar Realty. Imperial Mall is situated directly across from Hastings Municipal Airport off West 12th St. Namdar Realty will seek regional and national tenants to stabilize the center. The property was put up for auction on June 1 with a starting bid of $750,000 and was sold through the online auction platform of auction.com. Joel Gorjian represented Namdar Realty in the transaction.
Kmart anchors the 340,000-square-foot Imperial Mall in Hastings, Neb.
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