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Article: JDN Realty division buys Southgate Mall New owner plans to convert facility into free-standing stores
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- October 1, 1998
- Author:
CopyrightCopyright 1998 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Southgate Mall has been sold to an Atlanta-based developer that
is apparently proceeding with plans to convert the facility into a
group of large, free-standing stores.
A division of JDN Realty Corp., which already owns five
Milwaukee-area shopping centers, bought Southgate Mall from New
York-based Southgate Retail LLC for $7 million, according to the
Milwaukee County register of deeds.
JDN, a publicly traded real estate investment trust, specializes
in developing and managing shopping centers anchored by
value-oriented retailers, including Wal-Mart, Lowe's and Target.
Southgate, on the west side of S. 27th St. just north of W. Morgan
Ave., was built in 1951 and is considered obsolete. ...