Last Updated on February 28, 2020 by Park Development LLC
LOGANSPORT, IND. – Park Development, LLC, a Chicago-based real-estate developer, has purchased the Logansport Mall. The sale was completed Friday, February 21. No details about the purchase price or future plans for the site are being revealed at this time.
“We can’t wait to break ground on this project,” a spokesperson for Park Development said. “We can’t thank the current and prior city administrations enough for everything they’ve done to help finalize this deal. This project has the potential to revitalize the City of Logansport and drastically improve its economic vitality.”
The Logansport Mall was built in 1968 and was once anchored by Sears and JCPenney. It has sat largely vacant, except for a Dunham Sports, for the past decade.
“Frankly, the mall has just been a big eyesore that people are tired of looking at,” said Bill Cuppy, Executive Director of the Logansport Cass County Chamber of Commerce. “This will certainly provide a nice kick start for the Logansport economy – one that we hope might lead to further development. A lot of work and due diligence has gone into this project, and at the local level we will continue to work with the new owner to bring this development to completion. We can’t wait to watch it take shape.”
Information about design plans and potential tenants will be released soon.
SOURCE: News release from Park Development LLC
