REIT sells Midwest mall

Deal includes more than 500,000 square feet

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Marcus & Millichap arranged the sale of the 773,265-square-foot Woodville Mall in Toledo, Ohio. The value of the transaction was not disclosed. Built in 1969, Woodville Mall is an enclosed regional mall located anchored by The Anderson's, Elder Beerman and Sears. The sale consisted of a total of 513,857 square feet; the remainder of the space is owned by respective tenants. Simon Property Group, an Indianapolis-based REIT, sold the property to a Beverly Hills, Calif.-based private equity fund. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage. *** What's your opinion? Send your Letter to the Editor to