Buyer Sees Mall's Potential in Oregon

ALBANY, OR-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that Vintage Real Estate has purchased the approximately 406,500-square-foot Heritage Mall here in Albany, OR. “We have the capacity, both in terms of capital and management, to reposition the mall and improve its performance by adding many national tenants,” explains Fred Sands, chairman of Vintage Real Estate.

Heritage Mall has 52 major retailers, boutiques and restaurants including Target, Sears, Ross Dress for Less and Old Navy, Maurice’s, rue 21, Zumiez, Famous Footwear, Game Stop and Bath & Body Works. “Heritage Mall is well-located in the center of Albany, which is one of the fastest growing cities in Oregon,” Sands says.