HOUSTON-The offering door is open until Friday for the 1.08-million-sf West Oaks Mall, which is being sold by Cushman & Wakefield of Texas Inc. for a bankruptcy court trustee. The 91%-leased mall, last appraised at $109.8 million, is being offered under terms of a reorganization plan confirmed by the federal bankruptcy court in Richmond, VA.

The sale entails only about half of the single-level enclosed regional mall at 2600 Texas 6 S. Not included are 500,400 sf of anchor spaces owned by Macy’s and Dillard’s. The remaining space, including additional anchor sites leased to Sears and Steve & Barry’s, was owned by a group of investment entities organized by the Richmond-based 1031 Tax Group LLC.

According to the Houston Chronicle, the owners requested bankruptcy protection in October 2007. In July 2006, Investment Properties of America LLC of Richmond used the mall as collateral for an $86-million loan secured in a commercial mortgage-backed security referred to as Greenwich Capital 2006-GG7.

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