Lender-Driven Sale: Uptown Meridian Mall & Crossing

Competitive Advantage and Limited Direct Competition: As the only enclosed regional mall within 92 miles, Uptown Meridian Mall and Crossing services a 75-mile radius population of 597,815 and an increasing number of annual transient visitors. The Property provides unmatched convenience in almost all retail categories, and given the demographics surrounding the Property, represents an ideal location for value based retailers and the population’s and visitor’s shopping needs.

Healthy Existing In-Place Cash Flow: The Property’s anchor and in-line tenants are primarily targeted towards the middle-income to lower-income consumers, which fits well with the demographic profile of the immediate trade area. A new owner is projected to immediately benefit from an existing Net Operating Income of $1.5M, a healthy cash flow to help provide funds for additional lease-up and repositioning opportunities.

Property and Site Layout Creates a Unique and Enjoyable Shopper Experience: The combination of the Uptown Meridian Mall and Crossing are configured to complement each other and create the feel of a suburban shopping destination with multiple retail, dining and entertainment options. The Property includes the ownership of six outparcels and additional income from four other separately owned outparcels.

Auctioneer Name: William Head

Auctioneer License: 892