JLL TAKES OVER AS RECEIVER OF EAST TOWN MALL

GREEN BAY, WIS. — Greg Maloney of Jones Lang LaSalle has been appointed receiver of the East Town Mall, a 198,000-square-foot shopping center in Green Bay. Under Maloney's leadership, Jones Lang LaSalle's retail leasing and management team has assumed immediate oversight of the mall and is working to stabilize the asset. The East Town Mall was built in 1982 and has been remodeled three times over the years. Anchor tenants include Hobby Lobby, Petco and Fashion Bug. The mall will remain open. As receiver, Maloney will control and direct the asset until a resolution between the lender and borrower is achieved.