Sunset Plaza Mall, a regional shopping center in Norfolk NE, is up for auction November 15-17, and is seeking local or regional ownership.
The mall has been a destination for shoppers since 1968 with Target, JC Penney, Famous Footwear and others drawing shoppers from around the greater northeast Nebraska region.
The auction will be held online through RI-Marketplace, and is a chance for a local or regional owner to buy a piece of Nebraska’s retail centers at a fraction of the cost it typically would be considering it’s an auction.
The current ownership group, Brookwood Capital Advisors, has an ambitious redevelopment plan with Kohls, TJ Maxx, and others in tow to fill up the existing vacancies and bring it back to it’s formal glory. They’re hoping a local group takes on the challenge and finishes out the project.
The auction link is below:
https://rimarketplace.com/auction/1058/52-occupied-target-shadow-anchored-power-center
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