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Central Mall Scheduled for Foreclosure Auction

The 679,657-square-foot Central Mall, at 2400 Richmond Rd. in Texarkana, TX, is scheduled for a foreclosure auction on Oct. 2, 2018. The auction will start at 1 p.m. at the Bowie County Courthouse in New Boston, TX. Approximately 60 retailers occupy the property, which opened in the late 1970s, and was remodeled in 2003.

The foreclosure resulted from a $134.5 million loan default by the property’s owner, Gregory Greenfield and Associates Central Mall Partners LP. Greenfield acquired the mall in 2004.

The mall, anchored by Dillard’s and J.C. Penney stores, will remain open, with JLL, the mall’s management company, continuing to manage it. Justin Hamilton, Central Mall’s marketing and specialty director, told the Texarkana Gazette that shoppers will experience no changes during and after the auction process. “We anticipate once we have a new owner, it will be a smooth transition, and the center will continue to operate as it always has,” he added.

Pictured: Texarkana, TX

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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