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JLL to Lead Leasing, Management for Newly Acquired Salem Mall
Salem Center, a shopping destination in downtown Salem, was recently acquired by three local Salem investors who plan to revitalize the 3.9-acre retail property. Acquiring it under the entity name OGSC2, LLC, partners Kelly McDonald, Patrick Carney and Mark Shipman, named JLL for property management and leasing services.
“We will further assess the needs of the community as we work to bring new tenants and develop a longer-term investment strategy,” said Kelly McDonald of OGSC2. A local lender also helped fund the acquisition from an interim receiver that had held the property after a 2018 real estate-owned bankruptcy procedure. Terms were undisclosed.
The downtown shopping center is located at 401 Center Street NE in historic central Salem. It features a variety of national, regional and local restaurants and shops, including Macy’s, Kohl’s, Ross Dress for Less, Bath & Body Works, and American Eagle Outfitters.
