TALLAHASSEE, FLA. — The New York and Miami offices of Holliday Fenoglio Fowler have been engaged to sell the 988,000-square-foot Tallahassee Mall, currently held in receivership. If sold, it will be the third life for Tallahassee Mall. In 1996, Compass Retail brought the center back from near death with an invigorated tenant mix, including then “alternative” tenants like a movie theater, a post office, cable company store and large-format book store. At the time, the center was heralded as a beacon for how older regional malls in second tier markets could reinvigorate their tenant mixes. The center has lost a number of tenants in recent years, including two major anchors in 2008 — Dillard’s and Goody’s — and is currently 61 percent leased. Tallahassee Mall continues to be anchored by Belk, AMC Theatres, Burlington Coat Factory, Ross Dress For Less, Sports Authority and Barnes & Noble. The center is on the market clear of debt and without a formal asking price. HFF managing directors Lynn DeMarco, Brad Peterson and Joe Morningstar have the listing for the receiver.
— Randall Shearin