People familiar with the disposition effort say a deal could be forthcoming, as any new owner would want to sell the opportunity two weeks from now at the International Council of Shopping Centers' annual gathering in Las Vegas.
Scott Fuller and Mike Horowitz of Portland-based Capital Pacific have the disposition assignment. Fuller tells GlobeSt.com there is no asking price but wouldn't say much else, citing a confidentiality agreement and the duo's lack of interest in speaking with the media.
The property is located on the west side of Northwest Stucki Avenue near Cornell Road. The development was planned as a several free-standing buildings as opposed to a typical mall environment in order to give it more of a "main street" feel.
According to the ICSC, regional mall development is dropping off quickly all over the country. In 1999, 13 new regional malls were completed across the nation. In 2002, by contract, just nine are expected and in 2004, only six.
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