MORROW, GA. — Los Angeles-based Vintage Real Estate has acquired the 1 million-square-foot Southlake Mall, located at 1000 Southlake Circle in Morrow, about 14 miles south from downtown Atlanta. Macy’s and Sears anchor the mall, which is currently 90 percent leased to tenants including Victoria’s Secret, American Eagle Outfitters, Footlocker, Helzberg Diamonds, Aeropostale, Bath & Body Works, Finish Line, New York & Co., Children’s Place, City Gear, DTLR, Kay Jewelers, rue21 and Express. The former owner, General Growth Properties, placed $100 million of debt on the property in 2007. In February 2013, the undisclosed lender foreclosed on the property. Vintage plans to bring in new tenants and upgrade the common areas of the mall. Additionally, Vintage will redevelop an adjacent 160,000-square-foot building that JC Penney vacated in 2011. That property is currently under contract for purchase.
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