Occupancy at the three malls was a combined 93%, with Sears,JCPenney, Boscovs, Belk Matthews and Kmart among the anchortenants. The center in Zamais Services' hometown is the oldest at12 years, while the Rutland asset was developed in 1995. In betweenwas the 1994 construction of The Galleria at Centerville.
"All three malls are well located in strong secondary marketsand represent not only a stable and underwritable investment but anopportunity to add significant value," says Colliers Bennett &Kahnweiler Inc. SVP and director of retail Michael L. Richwine. Hehandled the sale for LaSalle Investment Management, Chicago-basedJones Lang LaSalle's investment management arm.
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