Tallahassee Commercial Real Estate

In Florida commercial real estate today, Feldman Mall Properties, Inc.
announces that it would acquire the Tallahassee Mall. The 963,000 square
foot retail property is to be purchased for $61.5 million.

The population within a 10-mile radius of the mall increased 22%
between 1990 and 2000. Employment has also increased consistently. The
mall will undergo renovations to make it more aesthetically appealing. It
may also be expanded to target more of the local student population.