Mall of Memphis Sold to California Company

Friday, May 14, 1999

Memphis Business Journal

The 1.1 million-square-foot Mall of Memphis has been purchased by American Mall of Memphis LLC, a subsidiary of American Mall Properties LLC. The transaction was finalized and recorded on May 14. The company, based in Sherman Oaks, Calif., plans to revitalize the mall, creating 500 new jobs and $30 million in increased sales and revenue. The sale price was not disclosed.

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Memphis Business Journal