An Iowa developer bought the 58-acre Valley West Mall for $11 million; a nearly 50-year-old JCPenney lease now stands in the way of redevelopment as the city considers up to $110 million in incentives
- An Iowa developer has bought the 58-acre Valley West Mall site for $11 million (£8.2 million).
- The company is now starting a major redevelopment project, but it must first deal with complex lease agreements and get support from the city.
- Brian Martin, president and chief executive officer of Threshold Capital and Threshold Development, completed the purchase of the long-troubled West Des Moines shopping center.
Unverified
- An Iowa developer has bought the 58-acre Valley West Mall site for $11 million (£8.2 million).
- The company is now starting a major redevelopment project, but it must first deal with complex lease agreements and get support from the city.
- Brian Martin, president and chief executive officer of Threshold Capital and Threshold Development, completed the purchase of the long-troubled West Des Moines shopping center.
Sources: Times of India