Retail

AMARILLO, TEXAS — JLL has negotiated the sale of Westgate Mall, a 511,566-square-foot enclosed regional mall in Amarillo. The property was built on 93.7 acres in 1982 and has since been renovated multiple times, most recently in 2017. Westgate Mall was roughly 80 percent leased at the time of sale to tenants such as Dillard’s, Beall’s and Premiere Cinema, Shoe Dept. Encore and Forever 21. Dave Monahan, Cameron Pittman, Akhil Patel, Claudia Steeb and Barry Brown of JLL represented the undisclosed seller in the transaction. A partnership between Mason Asset Management, Namdar Realty Group and CH Capital Group purchased the asset for an undisclosed price. The partnership also purchased the 663,978-square-foot South Park Mall in San Antonio as part of the same deal.

SAN ANTONIO — JLL   has negotiated the sale of South Park Mall, a 663,978-square-foot enclosed regional mall in south San Antonio. Built on 48.5 acres in 1968, the property has been renovated several times, most recently in 2018. South Park Mall was 95 percent leased at the time of sale to tenants including anchors JC Penney, Dick’s Sporting Goods and Beall’s, as well as Old Navy, Ulta Beauty and The Vitamin Shoppe. Dave Monahan, Cameron Pittman, Akhil Patel, Claudia Steeb and Barry Brown of JLL represented the undisclosed seller in the transaction. A partnership between Mason Asset Management, Namdar Realty Group and CH Capital Group purchased the asset.