The acquisition is the fourth mall that Hull Storey Gibson Cos. LLC, has purchased this year, expanding Gibson’s total retail gross leasable space to more than 13 million square feet, according to a news release.
Mount Berry Square Mall has 476,778 square feet of retail space and is anchored by Belk, J.C. Penney and Sears department stores, the company said.
“We understand the need for a vibrant city like Rome to have a prosperous enclosed mall and Mount Berry Square Mall has the potential to become a regional fashion destination serving Rome and the surrounding areas,” stated managing partner Jim Hull. “We plan to invest the time and capital needed to improve the shopping experience for the Mall’s customers.”
Earlier this year, Hill Storey Gibson acquired malls in Auburn, Ala., and in Danville and Martinsville, Va. Its retail portfolio includes 21 enclosed malls, 25 shopping centers and numerous other properties in Georgia, Alabama, North and South Carolina, Florida, Tennessee, Texas and Virginia.