Chicago-based REIT buys Foothills Mall

FORT COLLINS – General Growth Properties (NYSE: GGP), the nation’s second-largest shopping center owner and manager, has acquired the Foothills Mall in Fort Collins, as well as three surrounding retail properties.

General Growth Properties closed on the purchase this afternoon at 2 p.m.

The deal ends the 30-year-long ownership of Fort Collins-based Everitt Enterprises, which built the regional mall in 1973.

Prior to the sale to General Growth, Everitt was a 50 percent partner in the property, in partnership with Phoenix-based Westcorp Limited.

In all, General Growth Properties took over four retail centers in Fort Collins – the Foothills Mall, The Shops at Foothills…