via Trademark website
Fort Worth-based Trademark Property Co., a mixed-use investor, developer, and operator, has purchased Longview Mall in Longview in partnership with Dillard’s, a tenant and one of the nation’s largest department store retailers.
The partnership marks the first time Trademark and Dillard’s have teamed up on a retail acquisition, with Trademark leading operations and leasing for the 646,000-square-foot property.
“Longview Mall is a vital part of the region’s retail landscape, and we see strong potential to elevate both the customer experience and tenant roster,” said Terry Montesi, founder and CEO at Trademark, in a statement. “Together with Dillard’s, we’ll bring capital to reinvest in the property and enhance its position as a community hub for shopping, dining, and entertainment.
“This unique partnership builds on our 25-plus year relationship with Dillard’s and Trademark’s portfolio of well-positioned assets in the sunbelt.”
Longview Mall, located in the heart of the city, offers a market-leading merchandise mix, including Dillard’s, Dick’s Sporting Goods, JCPenney, HomeGoods, Bath & Body Works, Foot Locker, H&M, Kay Jewelers, Auntie Anne’s, Chick-fil-A, and Chuck E. Cheese.
The mall, which welcomes more than 3.7 million visitors a year, is the only enclosed regional mall within a 45-mile radius.
“Longview is a strong market for Dillard’s and we look forward to building on our successful, long-term relationship with the Trademark team,” said Dillard’s CEO William T. Dillard II.
The Dillard’s-Trademark team plans to modernize the property and upgrade mall operations “with the goal of bringing a better shopping experience and roster of tenants to Longview Mall,” said Daniel Goldware, Trademark senior VP of leasing.
“We believe this community will support better retailers and more offerings from Dillard’s and deserves a higher-level regional shopping destination.”
La Palmera, a one-million-square-foot indoor shopping and dining destination in Corpus Christi was Trademark’s first redevelopment of a Dillard’s-anchored mall. From 2008-10, Trademark transformed the property, establishing it as one of the top-performing tertiary market malls nationwide.
Trademark’s national mixed-use, retail, and institutional services portfolio includes Lincoln Square, Left Bank, Westbend, and Alliance Town Center in Arlington and Fort Worth, as well as Galleria Dallas; Market Street – The Woodlands; LaCenterra at Cinco Ranch in Katy; Anthem in Arlington; Great Hills Market & Station in Austin; Dunham Pointe in Cypress; La Palmera; Legacy Place in Palm Beach Gardens; Annapolis Town Center in the Washington DC Metro Area; North Point in Alpharetta, Georgia; The Shops at Saddle Creek in Memphis; Perkins Rowe in Baton Rouge; First Street Napa in Northern California; and Zona Rosa in Kansas City, Missouri.