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Feldman Agrees to Buy 2 Malls for $175M

Feldman Mall Properties has agreed to buy the 1.1 million square foot Northgate Mall in Cincinnati for about $110 million and is looking to buy the Tallahassee Mall in Florida for about $65 million. Northgate is being sold by a venture led by David Hocker & Associates, Inc. The mall is about 93 percent occupied. Meanwhile, the company also has agreed to acquire the 963,000 square foot Tallahassee Mall in Tallahassee, FL, for about $65 million, from Tallahassee Mall Partners.





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