Jacksonville Mall owner completes financial restructuring

JACKSONVILLE, NC (WITN) – The Jacksonville Mall owner has completed its financial restructuring and emerged from Chapter 11 on an accelerated process.

According to PREIT, the company now has access to up to $ 130 million in new capital to support its operations and strategic priorities.

According to PREIT, the Jacksonville Mall remains a strong retail hub with 96 percent of the space rented this holiday season.

Copyright 2020 WITN. All rights reserved.

Comments are closed.