However, the owners are spending about $6 million on capitalimprovements that include painting the exterior of the building,installing a new sign in front of the building and a landscapingprogram planned to start in spring 2002. The management is alsolooking torenovate three separate entrances into the facility.

The property owners, Lehman Brothers Holdings of New York andPacific Coast Capital Partners of California, bought the buildingout of bankruptcy in 2000. The London Square Mall was the firstmall in Eau Claire, and was once anchored by Sears and Younker's,which will be the last tenant to vacate in spring 2002. A cinema islocated on mall property but is not attached to the mall and willremain.

The new owners have assembled a leasing, management andengineering team to continue development efforts.

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