Darrell Okada, senior associate for Bellevue-based Puget SoundProperties Commercial Real Estate Services, which is marketing thesite for $559,500, says the fact that the Everett Mall has been putin receivership by the court and may soon have a new owner isactually good news that could increase the value of the property heis marketing.

"What you might find with a new ownership is a differentperspective on how to operate that mall. They might decide tospruce it up a little bit and bring in different stores. Right now,it is run down and has no particular appeal."

Though the 1.14 acres up for sale is zoned for office,industrial or retail, Okada believes that office space makes themost sense for the land because of the skyrocketing demand foroffice space. No agreements have yet been reached for the property,but Okada says a couple of developers have expressed interest inthe land with the intent of developing office space.

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