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Bourn Companies purchases Foothills Mall... again

Bourn Companies purchases Foothills Mall... again
Posted at 3:13 PM, Dec 20, 2016
and last updated 2016-12-20 17:14:21-05

Bourn Companies and FHM Partners, LLC have purchased the Foothills Mall.

Bourn had past experience with the mall when the acquired it in 1994. At that time it was at a 12% occupancy.

In 1999, they sold the property at 95% occupancy after repositioning the mall into its current format. 

“This property is a terrific large-scale in-fill location, strategically located to serve northwest Tucson, including Marana and Oro Valley. This is A+ real estate.” Don Bourn said.

When Simon Property Group opened Tucson Premium Outlets in 2015, several users left the Foothills Mall. 

According to a recent release, the Foothills Mall is at 73% occupancy despite the departures. 

“We are committed to make a significant investment to create a first-class destination.” Bourn said.