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West Town Mall is a shopping mall located in Knoxville, Tennessee, United States. Opened in August 1972, this one-level mall is located in the western portion of Knoxville in the West Hills community. West Town Mall is located along Interstates 40/75 and Kingston Pike.
According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
Real estate development is different from construction or housebuilding, although many developers also manage the construction process or engage in housebuilding. Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint ventures, and create, imagine, control, and orchestrate the process of ...
A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g., in the case of conveyance, one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred ...
The discount chain said it agreed to a sale transaction with an investment firm which would allow hundreds of stores to stay open by transferring its property to other retailers and companies.
Colonial Promenade contains 20 stores, with a gross leasable area of 280,776 square feet (26,084.9 m 2). [4] Both were developed by Colonial Properties. A city of Knoxville greenway is located within the area, adjacent to the Turkey Creek wetland, which is managed by the Izaak Walton League. [5]
In 2016, the mall changed ownership to Knoxville Partners LLC, By August 2017, [6] Knoxville Partners LLC had changed the name of the mall back to East Towne Mall. Signage at the mall remained unchanged, and the mall was still marketed as Knoxville Center Mall. [7] JCPenney closed on September 17, 2017, [8] and Sears followed suit on September ...
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