Sumner Commercial Real Estate, Inc. has joined forces with Prescott Gateway Mall’s new owner, New York-based Kohan Retail Investment Group (KRIG), to repurpose and revitalize the indoor/outdoor 377,875-square-foot shopping center. Only five months into a relationship as leasing agent for the mall’s holdings, Sumner Commercial has signed new tenants and fielded numerous calls, emails and referrals for the center’s currently available 40 vacancies. Promoting rates as low as $6/square … [Read more...] about Revitalizing Prescott Gateway Mall
Mall
Mall Awaits Purchase, Merchants Adapt
Even as the owners of Prescott Gateway Mall (PGM) relist the property following failure to close escrow June 30 with the winning bidder in a $10 million offer from an April auction, potential tenants pursue leasing opportunities and various existing merchants operate with reduced staff and hours. New ownership “is still up in the air,” according to Katie Inman, senior sales executive with auction house Ten-X Commercial. “I can’t disclose exactly what is happening or happened with the … [Read more...] about Mall Awaits Purchase, Merchants Adapt