Three Rivers Mall in Kelso, WA sold
Posted: July 18th, 2019, 9:39 pm
https://tdn.com/news/local/three-rivers ... 4c612.html
An interesting development. Hopefully this will bring some kind of turnaround here, GGP and its successors have mismanaged the mall for years. It's a very visible location.
More about the new ownership:
https://tdn.com/news/local/clary-and-wi ... op-story-2
The Clary brothers mentioned own several car dealerships around Washington including the Chevrolet and Subaru dealerships in downtown Longview. I am hesitant to say that the site could be turned into car dealerships at this time though as they just built a new Subaru showroom and remodeled the Chevy dealership fairly recently. But the site does have good visibility and I wouldn't rule that out completely. The current dealerships have little space to expand.
In any case, the local ties in the new ownership group may be a good thing for the property in the long run.
An interesting development. Hopefully this will bring some kind of turnaround here, GGP and its successors have mismanaged the mall for years. It's a very visible location.
More about the new ownership:
https://tdn.com/news/local/clary-and-wi ... op-story-2
The Clary brothers mentioned own several car dealerships around Washington including the Chevrolet and Subaru dealerships in downtown Longview. I am hesitant to say that the site could be turned into car dealerships at this time though as they just built a new Subaru showroom and remodeled the Chevy dealership fairly recently. But the site does have good visibility and I wouldn't rule that out completely. The current dealerships have little space to expand.
In any case, the local ties in the new ownership group may be a good thing for the property in the long run.