The mall is anchored by a Carson Pirie Scott department storethat occupies 110,000 sf. Broker Dave Keady of HSA Commercial RealEstate, the company hired to dispose of the property for Great Lifetells the mall has suffered since Wal-Mart openedadjacent to the property in 2000 and has "a lot of vacancy."

HSA began its assignment as the court-appointed receiver for themall in August 2000. In May 2001, after Great Life, the lender onthe property, acquired the property for debt at a sheriff's sale,Keady and HSA managing director Tim Blum were handed thedisposition assignment. Keady says they marketed the property as aredevelopment play and garnered interest from lots of developers,but all were looking for municipal assistance, which wasn'tforthcoming.

"I think the new owner will try to re-tenant the building in itscurrent condition," HSA Commercial Real Estate's David Keady "In our opinion it needs more than that; it needs tobe redeveloped."

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