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Starwood Capital

Thursday, May 3, 2012

What Changes Should New Owners Make at Mall?

With Westfield SouthPark sold, are there new stores, restaurants or policies you'd like to see?

By mid-year, Westfield SouthPark is expected to have a new owner. Strongsville's mall was one of seven properties Westfield agreed to sell to Starwoood Capital Group for $1.15 billion in April. There has been no official word yet on any changes that might be on the way, although business analysts have said it it unlikely Starwood will have any major announcements.   Mall Marketing Director Andy Selesnik said this week that he has not yet had any meetings with Starwood Capital. The 1.6 million-square-foot mall is arguably one of the most successful in the area. It opened in 1996 and was sold by the Richard E. Jacobs Group to Westfield in 2002. Not that the new owners have asked for advice, but if you could offer some, what would it be?  …

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Izzey Pirl

5:40 pm on Thursday, May 3, 2012

@Joe, I'm pretty sure he means the NEW owner not putting THEIR name on all the signage. Of course Westfield isn't going to still be on everything if they no longer own the mall.   more ›

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