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Chesterfield Mall Has New Owner

Hull Property Group of Georgia specializes in distressed mall properties.

July 18, 2018 - 1:25 pm
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CHESTERFIELD, Mo. (KMOX) - It's official - Chesterfield Mall has a new owner, or at least the bulk of the enclosed mall does.

The new owner is Hull Property Group of Georgia, which specializes in distressed mall properties.
 
The first quote from Jim Hull, managing principal of the group, says, "It is clear the Chesterfield Mall is not succeeding in its current state. Due to changing shopping habits and the exodus of retailers, a great amount of time, capital and effort is needed to determine how to reinvent this property into the best use that the Chesterfield community will embrace."
 
Another quote in a written statement seems to hint that the company will need public assistance to redevelop the mall, but no specific requests from the company, yet, for help from the city of Chesterfield or St. Louis County.