Lakeshore Mall in Gainesville has new owners.
Branch Lakeshore Associates LP purchased the circa-1970 facility on Oct. 27 for $15 million, Hall County records show.
Prior to the sale, the mall had been owned by Stockbridge Lakeshore LLC of Warren, MI.
Lakeshore Mall opened in 1970 as Lakeshore Plaza and was anchored by JCPenney and Rose’s. Belk-Gallant opened a few years later, becoming a third anchor.
Over the years following expansions the mall grew to 491,000 square feet and has seen the closure of anchor stores Sears and JCPenney.
Those closures left Dick’s Sporting Goods, two Belk stores, and Books-A-Million as the current anchor stores, with the former Sears and JCPenney stores vacant.