Massive mall changes hands in Illinois

Approximately 80 retailers occupy site

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Marcus & Millichap brokered the sale of the 580,000-square-foot University Mall in Carbondale, Ill. The value of the transaction was approximately $49.9 million. University Mall is located at 1237 E. Main St. near the crossroads of Route 113 and U.S. 51. Famous Barr, JCPenney, Bed Bath & Beyond, Old Navy, Goody's, Michael's and K's Merchandise anchored the mall at the time of sale, along with more than 70 specialty retailers. Bayview Financial, a Miami-based owner, sold the property to Stoltz Management, a private capital fund headquartered in Philadelphia.  Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage. *** What's your opinion? Send your Letter to the Editor to