Dallas Based Tabani Group, known for revitalizing commercial properties, purchases the 624,759 SF Lake Wales Eagle Ridge Mall
With a broad array of commercial properties under their belt, Tabani Group’s newest acquisition, Eagle Ridge Mall, has been added to their mall portfolio. Plans of bringing new tenants into the mall are already underway.
[LAKE WALES, Florida ~ March 21, 2013] Dallas based Tabani Group has just closed on Eagle Ridge Mall, a 624,759 SF regional mall anchored by JC Penney, Sears and Dillards. With the new ownership, both tenants and shoppers can expect a new shopping experience in the coming months. Plans include adding new tenants, bringing back hands-on management, and increasing community activities and involvement.
Tabani Group is known for being a hands-on real estate investment firm with assets including shopping centers, hotels, land, apartments, condos and malls across the United States. Tabani has a strong reputation for purchasing underperforming properties and bringing them to their full potential by creating value through capital improvements, increasing occupancy rates, professional marketing and strategic management.
Eagle Ridge Mall shoppers can expect changes in the coming months to include new tenants, more child friendly events and mall interior enhancements, while tenants will be able to expect a closer relationship with mall management and increased foot traffic.
“We love the town and everyone we have met has been great. The Lake Wales City Officials have been very welcoming and we look forward to working with them to revitalize the shopping mall. We look forward to continuing our relationship with the people of Lake Wales and bringing new life to the mall soon.” said Zeshan Tabani, Managing Principal of Tabani Group, Inc. from Dallas.
The new owners encourage everyone to continue to visit the mall often so they can watch the transformation as it unfolds.