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ATLANTA -South Fulton County’s ailing Shannon Mallis up for sale by the owner, Toronto-based CadillacFairview. The asking price wasn’t disclosed.

The 770,000-sf mall, which was remodeled in1999 for a total of $10 million, lacks two of fourdepartment store anchors.

Both J.C. Penney and Macy’sclosed there–Penney’s last year and Macy’s in 1998.After stores in the Penney’s wing shut down, that wingwas closed off permanently. Rich’s and Sears continuedto anchor the mall.

The mall, built 21 years ago, is facingstiff competition from newer centers in neighboringDouglas County and a planned mall in Newnan, thoughdeveloper CBL & Associates Properties, which ownsArbor Place in Douglas County, has not yet begunconstruction in Newnan, GA.

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