Kite Realty ponders future of Glendale: Mall's lackluster performance could lead to overhaul, sale

Locally based Kite Realty Group Trust is exploring selling or redeveloping Glendale Mall, the company said in its annual 10-K filing with the U.S. Securities and Exchange Commission. Those are among "several strategic alternatives" Kite is considering for the north-side shopping center, according to the March 30 filing, the most definitive acknowledgement by Kite to date that its redevelopment of Glendale in 2000 never fully took wing. Kite bought the mall in 1999 for $20 million and sunk another $11...

 

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