Prescott Gateway Mall Sold to ZL Properties

The Prescott Gateway Mall on Highway 69 was sold to ZL Properties, an LLC owned by private investors. The purchase price was $12,200,200. The purchase comprises 313,132 square feet of retail space, including anchor stores JC Penney, Dillard’s and Bed Bath and Beyond, with roughly 31 acres of shopping center and 96 suites. Commercial Real Estate Brokers Fish and Peter Nieman, of Prescott Commercial Real Estate, represented both parties in this most recent transaction of the mall

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