Monday, September 26, 2016
Namdar Purchases Northfield Square Mall for $9.6M, Begins Repositioning
In July, Bradley’s Northfield Square Mall was sold to Namdar Realty Group for $9.6M. The privately held Great Neck, NY, real estate investment firm purchased the 527,000 SF shopping complex from C.W. Capital, Bethesda, MD. Spinoso Real Estate Group, North Syracuse, NY, formerly managed the property. Namdar reportedly will actively manage the Illinois Route 50 property with an eye toward significant repositioning.