Merced Mall has new owner, new plans and a new name, according to city officials [Yahoo! Finance]
Big Lots, Inc. (BIG)
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Source: Yahoo! Finance
Ethan Conrad Properties announced it has purchased the 329,000-plus-square-foot mall from Codding Enterprises. The mall, which is located at 851 West Olive Ave. in Merced, was built in 1969 by Codding Enterprises. The new name will be Marketplace at Merced, to mirror Ethan Conrad Properties' other two malls: Yuba Sutter Marketplace and Chico Marketplace, located in Northern California. The mall is the second retail property purchase in Merced in the past year. Ethan Conrad Properties has also bought the Michael's and Big Lots property near the mall. The Sacramento-based company says the purchase of the mall in Merced proves their “commitment to investing in and revitalizing retail spaces across the state.” “We are dedicated to remodeling the property to ensure it exudes the same allure and attractiveness as esteemed destinations similar to Yuba Sutter Marketplace and Chico Marketplace,” said Ethan Conrad, CEO of Ethan Conrad Properties in a release. “Our aim is to create a sp
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