Loading…
Thursday, August 28, 2014
Current Weather
Loading Current Weather....
HomeNewsLocal
Published: Thursday, 2/9/2012

Private investors buy Tiffin Mall for $750,000

BLADE STAFF AND NEWS SERVICES

TIFFIN — The Tiffin Mall, a 32-year-old open-air shopping center anchored by J.C. Penney and a Cinemark theater, was sold Wednesday by longtime owners DDR Corp., formerly Developers Diversified Realty, to private investors.

According to the Seneca County Auditor’s Office, the 195,000-square-foot mall was sold for $750,000 to Tiffin Mall Realty Management LLC, an investment group formed in November. DDR Corp., a Beachwood, Ohio, real estate property manager, purchased the mall in 1993 from its predecessor, Developers Diversified Ltd., which was a shopping center developer.

The auditor’s office last year appraised the mall, about 75 percent occupied, at $4.9 million.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories


Points of Interest






Poll