Moonbeam Capital Investments LLC Acquires the Cortana Mall
The Cortana Mall in Baton Rouge was purchased by Moonbeam Capital Investments LLC and is now managed by The Woodmont Company.
- Dallas, TX (1888PressRelease) March 29, 2013 - Moonbeam Capital Investments LLC, one of the fastest growing retail Landlords in the United States, announced today that is has closed on the purchase of the Cortana Mall located in Baton Rouge, Louisiana. The Cortana Mall is a 1.4 million square foot enclosed super-regional mall anchored by Dillard's, JC Penney, Macy's and Sears, and is the largest enclosed mall in the state of Louisiana.
"We consider the Cortana Mall to be a trophy property for the Moonbeam Investments portfolio and a property that has significant un-tapped value potential," says Steven V. Maksin, Principal of Moonbeam Capital Investments LLC. "We look forward to continue providing the Baton Rouge customers with a safe, fun and exciting place to shop. We are going to build upon the merchandising strategy that was put in place by The Woodmont Company when Woodmont was hired by prior ownership, which strategy will enable us to lease, manage and improve upon the mall's operating performance," Maksin continued. "Moonbeam Capital is proud to be involved with this prestigious property and we have retained The Woodmont Company to help us execute our going-forward strategy for the property."
ABOUT MOONBEAM CAPITAL INVESTMENTS LLC
Moonbeam Capital is headquartered in Las Vegas, Nevada with a nationwide portfolio exceeding 9 million square feet, most of which has been acquired within the past two years.
ABOUT THE WOODMONT COMPANY
The Woodmont Company is a full-service commercial real estate company based in Dallas/Fort Worth, Texas where it operates a nationwide retail portfolio exceeding 17 million square feet consisting of enclosed regional malls, outlet centers and open-air shopping centers.
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