Waco: Mall owners “have no plans to sell,” but mall is listed

Work is underway now at the mall on a new Dick's Sporting Goods store. (Photo by Julie Hays/file)
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The Richland Mall in Waco is listed for sale online, complete with marketing brochures, but the owner of the property told KWTX there are “no plans to sell the property.”

The property is listed on loopnet.com, a leading mobile and online real estate marketplace that connects tenants and investors to commercial real estate properties.

“Matthews Real Estate Investment Services is proud to offer to qualified buyers the Richland Mall in Waco, TX,” the online listing reads.

“This offering presents the opportunity to acquire a best-in-class super-regional mall anchored by Dillard’s (NAP), Dick’s Sporting Goods, H&M, JCPenney, Bealls and Sears (NAP). Richland Mall features more than 100 specialty stores including Aeropostale, American Eagle Outfitters, Bath & Body Works, Build-A-Bear Workshop, Hollister, Journey’s, Kay’s Jewelers, Kid’s Foot Locker, Lids, Rocky Mountain Chocolate Factory, Shoe Department, Victoria’s Secret, among others.”

But the director of Public Relations & Corporate Communications for CBL Properties, which owns the Richland Mall, says the listing is standard practice.

“The website was used historically as part of our normal asset review process,” Stacey Keating wrote in an email.

“However we have no plans to sell the property. “

Dick’s Sporting Goods has just started construction as the latest large tenant in the mall, which has been around for decades in Central Texas.

The listing online does not include a price and comes as brick and mortar retail spaces in malls nationwide struggle to remain open.