In September of 2022, Matanky Realty Group Senior Broker Scott Levinson completed the sale of the vacant former Carson’s / Carson Pirie Scott big-box store attached to Southlake Mall in Merrillville, Indiana. This excellent condition, two-story, 144,122 SF retail property sale makes this the largest commercial real estate deal yet of Levinson’s career.
This property, located at 1995 Southlake Mall, is attached to the popular Southlake Mall, but was owned separately. The new owners will benefit from high traffic numbers, due to a substantial number of surrounding national brand name tenants, and exceptional access to Interstate-65.
The former Carson Pirie Scott, a once beloved Midwestern retail chain, declared bankruptcy in 2018 and officially closed its doors to the public later that same year. The department store sat vacant until last month when Matanky Realty Group and Kander Pacific, the buyer’s broker, helped consummate the closing. Levinson was awarded this listing in Q1 of 2022 and soon after began marketing initiatives. After spending a brief 6 months on the market, Scott was able to locate a buyer with intentions of reusing this location, negotiate the purchase agreement terms, and officially close on the former department store, resulting in a favorable settlement for the client.
This sale of this shopping center marks an extraordinary milestone in Levinson’s career that will no doubt propel him forward in his future real estate endeavors.
Scott Levinson states, “This goes to show that myself and the team at MRG can manage deals of any size, and we will be looking for opportunities to do larger, more substantial deals in all of our markets.”
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