New Burnsville Center Owner To Sell Surrounding Buildings: Report

BURNSVILLE, MN—The new owner of the Burnsville Center, Kohan Retail Investment Group, announced that it plans to sell a few buildings surrounding the mall in order to try and save the struggling business. Burnsville Center had been in foreclosure before being bought by the business in the fall for $17 million, The Star Tribune reported.

The stand-alone buildings that Kohan Retail plans to sell include Schuler Shoes, Jared Jewelry and Shogun Restaurant. The company is also talking with Dick’s Sporting Goods about an extension, the Star Tribune Reported.

According to the Star Tribune, Macy’s sent notice last spring to the Burnsville Center that they would close, and the future of JCPenny is also uncertain. Neither store sent representatives to the informational meeting hosted by the Burnsville City Council.

Kohan Retail is currently interviewing leasing brokers, they told the Star Tribune.

Read more at the Star Tribune.