Tupelo's Mall at Barnes Crossing Under New Management

Tupelo's Mall at Barnes Crossing under new management

TUPELO, Miss. (WCBI) – Tupelo’s Mall at Barnes Crossing has new owners and a new management company, but day-to-day operations won’t be impacted. Miami-based Rialto Capital had the highest and best bid for the mall and surrounding parcels, at $53 million. The property was sold at public auction on the steps of the Lee County Justice Court Center. Mall General Manager Jeff Snyder said Jones, Lang LaSalle will be the mall’s new management company.…

Tupelo mall purchased for $53 million following foreclosure - SuperTalk Mississippi

Less than a month after officials announced that Tupelo’s largest shopping center, The Mall at Barnes Crossing, underwent foreclosure, the facility has a new owner.  Miami-based Rialto Capital purchased the mall for just over $53.2 million during a public auction at the Lee County Justice Center, according to WTVA-TV.  Rialto was the lender to previous owner Brookfield Properties, which defaulted on its non-recourse loan and were required to sur…