Former Macy's 150,000-SF building sold in Texas CityFormer Macy's 150,000-SF building sold in Texas Cityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=39862014-06-09T07:21:00Z2014-06-09T07:00:00Z

TEXAS CITY - The 150,000-sf building that formerly housed Macy’s at Mall of the Mainland has been sold. The building is located at 10000 Emmett F. Lowry Expy.

Friendswood attorney and developer Jerome Karam purchased the building from Macy’s, which departed the mall in 2012 but still owned the building.

Karam plans to open a World Gym franchise in nearly 42,000 sf of the site and market the remaining space to other tenants. The venture will yield the largest World Gym in Texas.

Earlier this year, Coastline Retail Center Inc. gained control of Mall of the Mainland as a result of a foreclosure action and related litigation.

Coastline closed the interior common areas of the shopping center, which had struggled for years to attract staple stores and shoppers. The remaining tenants include Sears, Palais Royal and movie theater Cinemark.

Galveston Daily News
Houston-The Woodlands-Sugar Land
http://www.galvestondailynews.com/business/buzz/article_4bdb1046-e6bb-11e3-8845-001a4bcf6878.htmlRead more at {Source}

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