published Thursday, September 22nd, 2011

Chattanooga's Northgate Mall drew high bid of $11.5 million

Patrons enter Hixson's Northgate Mall in this file photo.
Patrons enter Hixson's Northgate Mall in this file photo.
Photo by Tim Barber.
Follow us on Twitter for the latest breaking news

Northgate Mall drew a high bid of $11.5 million during an online auction and a sale is expected to close within two weeks.

An official of General Growth Properties, the Chicago-based company that has owned the mall since 2000, declined to say who offered the winning bid.

"Divesting ourselves of this property allows GGP to focus on its core properties in strategic markets across the country," said David Keating, GGP's vice president of corporate communications.

The mall's starting bid was $9 million in the online auction, which began Monday.

Update: CBL buying Chattanooga's Northgate Mall

about Staff Report...

Get breaking news from the Times Free Press on Twitter at or by visiting us on Facebook or Twitter at the right:

Comments do not represent the opinions of the Chattanooga Times Free Press, nor does it review every comment. Profanities, slurs and libelous remarks are prohibited. For more information you can view our Terms & Conditions and/or Ethics policy.
please login to post a comment

Other National Articles

videos »         

photos »         

e-edition »


Find a Business

400 East 11th St., Chattanooga, TN 37403
General Information (423) 756-6900
Copyright, Permissions, Terms & Conditions, Privacy Policy, Ethics policy - Copyright ©2014, Chattanooga Publishing Company, Inc. All rights reserved.
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.