RIDGELAND, Miss. (WJTV) — The Northpark Mall has new owners.
The mall was bought by Pacific Retail Capital Partners as a part of a portfolio acquisition. The deal included two other shopping centers, The Galleria at White Plains in New York and The Esplanade in Kenner Louisiana.
“These properties are all prime examples of retail centers that serve a vital need in the community and will benefit from the tailored management approach that is a hallmark of Pacific Retail,” said Steve Plenge, managing principal of Pacific Retail Capital Partners. “Pacific Retail’s experienced team will be deployed to evaluate each asset in the context of the neighborhood and what is valued by the customers to create a program to further enhance its appeal. This may include bringing new uses to the center, improving the physical space, adding events and public programs and in some cases redeveloping portions of the real estate.”
“In addition to our hands-on management and inventive marketing programs, at Northpark we are exploring the potential to add retailers that will be new to the market but fit the area demographics and demand. We also will be refreshing the space to make it more attractive and inviting, and bringing greater and more diverse dining options,” Plenge observed.