Jan 26, 2025, 3:48 PM
Jan 26, 2025, 3:48 PM
Southland Center mall sold to Illinois investment group
- Southland Center mall in Taylor, Michigan, has been sold to Illinois-based Greenwood Global.
- The mall has faced financial difficulties over the past ten years, culminating in a default on a loan by the previous owner in 2022.
- City officials and management express hope for revitalization under new ownership.
In a significant development for the retail landscape of the Downriver area, the Southland Center in Taylor, Michigan, was sold to Greenwood Global, an Illinois-based private investment firm. This transaction arrives amidst ongoing concerns regarding the financial viability of the shopping mall, which has been grappling with challenges for the past decade. The former owner, Brookfield Properties, faced hardships and reportedly defaulted on a loan in 2022, further complicating the commercial property landscape.
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