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RICHMOND SQUARE MALL GETS NEW OWNER

(Richmond, IN)--The Richmond Square Mall has a new owner.  It’s the Georgia-based Hull Property Group.  Their managing principal confirmed the sale Thursday, but did not disclose the terms.  The group owns 22 malls across the country, but specializes in revitalizing underperforming malls in smaller markets.  The mall had sold for $4 million to Wells Fargo in a sheriff’s sale in July.  Upgrades to the structural issues that led to the departure of some tenants, including Sears, have been addressed.

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