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An affiliate of Kize Capital LP, a New York investment firm, recently paid $5 million for the shuttered department store. Kize and partner Spinoso Real Estate Group bought the Strongsville mall a year ago, with a vision of reinvigorating the region's largest retail center.
The region's largest retail center changed hands for $57.7 million in late April. The deal — at less than a quarter of what the mall was worth roughly a decade ago — was an unusual one in a region where recent mall sales have led to teardowns, industrial makeovers and slow death spirals under scavenger-like owners.