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Seminole Mall sold! | Business

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Seminole Mall sold!
Seminole Mall sold!

Seminole, Florida -- The sale of the 425,292- square-foot Seminole Mall closed on Oct. 25, with the transfer of the 39 acres transferred from Downtown Seminole LLC to a group called Seminole Mall LP, a Delaware limited partnership, and is run out of the Palm Beach office of North American Development Group.

The Seminole Mall was built in 1965 and its ownership history is listed below:

  • Seminole Center Limited Partnership buys the mall for $1.2 million in 1986
  • April Bluffs Retail Association buys the mall for $14.03 million in 1998
  • Seminole Mall Acquisition LLC buys complex for $20.7 million in 2002
  • Downtown Seminole LLC bought the mall for about $35.7 million in 2006
  • A bank holding company foreclosed on the mall’s mortgage in 2011
  • North American Development Group bought the mall for $14.9 million October 2012 

 

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