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Atlanta company purchases Lakeshore Mall for $15M

By Rob Moore Reporter
Posted 2:25PM on Wednesday 23rd November 2022 ( 5 days ago )

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.

Lakeshore Mall has new owners after selling for $15 million at the end of October.

http://accesswdun.com/article/2022/11/1149617/atlanta-company-purchases-lakeshore-mall-for-15m

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