Change of Owner
Due to the mall's owner, Lee Najjar, also known as Kim Zolciak's benefactor "Big Poppa" on The Real Housewives of Atlanta, not paying the power bill, electricity to the mall was shut off by Georgia Power at 10:30pm on November 2, after tenants were warned. As of 3 January 2011 (2011-01-03), the foreclosed mall remained closed, and was auctioned at the Fulton County Courthouse the following day. The mall was purchased by Colonial Capital, a California investment company. The mall has since been placed back on the market for sale again. According to Home Rule News, no buyers as of May 2011 have shown interest in the property.
A buyer has placed the empty mall under contract and has plans on converting the entire property into perhaps the largest Film and Digital Arts Studio in the region. Plans have not been released to date but a sale is taking place as early as August 1, 2012. The buyer is a small Alabama investment company with several other holdings in the immediate region.
Read more about this topic: Union Station (Shannon Mall)
Famous quotes containing the words change and/or owner:
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—Norman Goddam (20th century)
“There is a small steam engine in his brain which not only sets the cerebral mass in motion, but keeps the owner in hot water.”
—Unknown. New York Weekly Mirror (July 5, 1845)