GREENVILLE, SC—A joint venture of MetLife ofNew York City and Chicago-based M & J Wilkowhas purchased the former Greenville Mall here for an undisclosedsum.

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Affiliates of the two firms formed the joint venture thatpurchased the property that is now called MagnoliaPark. The center located at the intersection of I-85,I-385 and Woodruff Road totals approximately 468,000 square feet.Major tenants at Magnolia Park include Regal Cinemas, Cabela's,Nordstrom Rack, Golfsmith, Toys “R” Us/Babies “R” Us, Dave &Buster's, Yard House, Bed Bath & Beyond, Old Navy, andCostco.

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MetLife is the majority owner of the newly acquired property,the companies report. The complex was bought from MagnoliaPark One, LLC, which had redeveloped the former GreenvilleMall. The firm that redeveloped the property, according to multiplepublished reports was Palm Beach, FL-based Menin DevelopmentInc.

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"Investing in retail real estate such as Magnolia Park is animportant part of MetLife Real Estate Investors' overall strategy,”says Robert Merck, senior managing director andglobal head of real estate for MetLife. “We are also pleased tohave M & J Wilkow as our joint venture partner and look forwardto working with them to grow our investment.”

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“M & J Wilkow is delighted to be able to add Magnolia Parkto its growing portfolio of best-in-class retail properties in highgrowth regions of the country,” adds Marc Wilkow,president of M & J Wilkow. “The opportunity to team upwithMetLife is exceptional and inspiring for the entire M & JWilkow team. We also look forward to evaluating other similarlyexciting opportunities with our colleagues at MetLife.”

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.