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The Von Maur anchor at North Point Mall in the affluent North Fulton County community in Atlanta.
Brookfield Property Partners has transferred the deed to the 1.3M SF North Point Mall to its lender, New York Life Insurance Co. New York Life has tapped Trademark Property Co. to manage and operate the mall and take over plans to redevelop it.
“This is a new beginning for this property,” Trademark Property Co. Chief Investment Officer Tommy Miller told
Bisnow. “North Point is a last-generation enclosed mall. But great fundamental real estate.”
Brookfield acquired the mall when it purchased mall owner General Growth Properties in 2018. A spokesperson for New York Life confirmed that it had taken back the title to the mall, but declined to comment further.