The Columbus Dispatch
The Dallas investment company Direct Retail Partners paid $19.8 million for The Shops at Worthington Place, which includes 140,000 square feet of enclosed retail space on 15 acres. The mall has undergone extensive renovations over the past decade, as owners sought to offset the loss of conventional retail tenants with restaurants and service tenants.
The Shops at Worthington Place has changed hands, signaling potential changes for the 45-year-old mall.
The Dallas investment company Direct Retail Partners paid $19.8 million for the property, which includes 140,000 square feet of enclosed retail space on 15 acres.
President and CEO David Watson said the company is pleased with the mall, at Route 23 and Interstate 270, but expects to present plans this summer to change the property.
“Obviously it’s really good real estate in a great community,” Watson said. “We’re making plans, slowly and methodically, as to what we think might be best. Some plans would include some repurposing of space, some different uses.”
Watson did not elaborate, but added, “Nothing is really wrong with the mall, but the world has moved away from simple enclosed malls.”
The mall was built in 1974 and has undergone extensive renovations over the past decade, as owners sought to offset the loss of conventional retail tenants with restaurants and service tenants.