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RACINE — Regency Mall’s antecedent owner, CBL & Associates, wasn’t accomplished with Racine aftermost ages back it awash the mall.
["581.03"]Snellville Italian Restaurant | Locations | Olive Garden | olive garden mall of gaHull Acreage Group of Augusta, Ga., bankrupt Dec. 16 on its $9.6 actor acquirement of Regency Mall, which Hull angle as a bootless mall. Hull specializes in buying, advance in and axis about bootless malls and arcade centers.
Following that, in contempo weeks CBL awash three Regency outparcels that were afar from the auction of the capital to Hull. All were awash to altered buyers from about the accompaniment and country:
["533.5"]Olive Garden, Dunwoody - Menu, Prices | olive garden mall of gaIHOP, 5800 Durand Ave., was awash for $1.33 actor to EMIC Properties, which has a Sausalito, Calif., commitment address.
Applebee’s, 2521 S. Green Bay Road, was awash for $2.67 actor to WHG Door County, LLC, which lists a Waukesha address.
["581.03"]Morrow - Southlake Mall Italian Restaurant | Locations | Olive Garden | olive garden mall of gaBurger King, 5400 Durand Ave., was awash for $1.25 actor to John Walter Connolly Trust, registered out of Pleasanton, Calif.
All three backdrop were ahead captivated by Racine Joint Venture II, the bound accountability association that CBL acclimated to buy Regency Capital in 2002. CBL backer Stacey Keating said: “We awash the outparcel locations to complete our avenue from the Racine market.”
["1034.02"]PROJECTS - DMI ELECTRIC | olive garden mall of gaJohn Mulherin, Hull Acreage Group carnality admiral of government relations, explained that Hull’s acquirement of Regency Capital mainly consisted of the capital proper. The alone outparcels included in Hull’s acquirement were: Pearle Vision Center; a ahead abandoned acreage that was afresh opened as The Woof, a dog daycare business; and a abandoned bindle abreast Target at 5200 Durand Ave. that was already Chi-Chi’s Mexican Restaurant.
Mulherin said affairs assisting backdrop such as the mall’s outparcel businesses is a “very, actual accepted practice.” They accomplish adorable places to put money for trusts and added such entities, giving a bigger acknowledgment than bonds, for example.
["203.7"]Olive Garden Italian Restaurants Salaries | Glassdoor | olive garden mall of gaThe actuality that alfresco entities were affairs the capital properties, Mulherin said, “Gives an adumbration that there is absorption in the Racine community.”
Some of Regency Mall’s outparcels were neither included in the acquirement by Hull, nor will be awash off by CBL, because they are apart owned. They include: Olive Garden, 6000 Durand Ave.; Buffalo Wild Wings, 5880 Durand Ave.; and Chuck E. Cheese, 5612 Durand Ave.
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