Canyon Gulfside Greenville, LLC was the seller of the property.In December 2005, Canyon Gulfside Greenville purchased the formerGreenville Mall for $37 million with plans to demolish the retailasset and develop Magnolia Park TownCenter on the 65-acre site, as GlobeSt.com previouslyreported. Demolition of the mall began in November.

Now that it owns the Magnolia Park Town Center, MeninDevelopment is taking a step back from the development andre-evaluating the plans, a spokeswoman tells GlobeSt.com. Nopurchase price or estimated development cost were released.

"We decided to enter the Greenville market with Magnolia ParkTown Center because we believe it comprises all of the necessaryingredients that will allow us, in concert with the city and countyof Greenville, to create a landmark project that will serve theresidents and visitors to the area well for many years to come,"Craig Menin, president, says in a statement.