Worthington Ohio real estate

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Foreclosure in Worthington brings hope

Worthington Square Mall The foreclosure on the Worthington Square Mall was in December 2008 I believe.  I visited the mall once at Christmas time, the first time I had gone over since August 2008. The Victoria Secret Store and The Bath and Body Works store were noticeably gone since I visited the mall in late summer.

An article in Business First Columbus last Friday said 19 of the 43 mall spots are filled, about 50 percent. .. reading about the Worthington Square Mall a couple of weeks ago in another local publication I remarked that 50 percent seemed high to me, it seemed like about a third of the mall is occupied to me. Of course the locations on the back of the Worthington Square Mall are included in that number, Amano's, China Way....  and walking around inside the mall I did not see those.  

The shopping area was an open mall when it was built in the 1970's and later enclosed. 

 

Business First Columbus  - "Foreclosure brings new owner at Worthington Square"

The February 2009,  Business First Columbus article by Dan Eaton says who is still there and which retailers left recently.  If I understand the who's who mish mash regarding the foreclosure ... General Electric Credit  Equities  foreclosed on owner Columbus Retail Inc. who was using CB Ellis to manage the mall for a few years now while they were supposedly remodeling.  GE Capital Equities has put Colliers Turley Martin Tucker Co in place to lease the mall / manage the mall... Colliers Turley Martin Tucker Co.  is using "Jupiter Realty Co., a Chicago asset manager" to manage it?  Mall management has always confused me.

I visited the mall in August 2008 - Worthington Square has a slideshow. The photo here shows Victoria's Secret... in August.

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This post provided by Maureen McCabe of Real Living HER

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0 commentsMaureen McCabe Columbus Ohio real estate • February 20 2009 09:04AM

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