EAST WENATCHEE - The Wenatchee Valley Mall was recently purchased by the Namdar Realty Group.
Namdar Realty Group, located in New York, is a privately held commercial real estate investment and management firm who own over 15 million square feet of commercial real estate in the United States mostly on the East Coast. The company’s portfolio includes a number of retail strip centers, medical and office buildings.
The group purchased the 356,845 square foot enclosed mall from Vintage Realty Group out of Sherman Oaks, California.
Namdar owns a number of other shopping centers such as Beaver Valley Mall in Pennsylvania, Chapel Hills Mall in Colorado and Fashion Square Mall in Michigan with a number of prominent tenants such as Macy’s JC Penney and KMart.
Namdar’s website says the group is also interested in purchasing bank notes (performing and non-performing), properties in distress, REO’s and off-market deals. More information can be found at http://namdarrealtygroup.com/