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Tag Archives: Shervin Mateen

Mall owner blindsided by Sears closing

Metrocenter owner Shervin Mateen hardly expected the news he received a couple days after Christmas — the mall’s original and last remaining anchor would be shutting its doors for good. “It’s very shocking,” he said in light of the improving sales mall merchants had been reporting this holiday season compared to previous years. “Sales were increasing and then we hear ...

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Jackson's aging Metrocenter awaits new vision

On one hand, Nina Holbrook sees the departure of Sears as “one of the biggest hits Metrocenter has ever had.” But then she switches her perspective from U.S. Highway 80 corridor advocate to commercial real estate professional. With that comes the idea that big things could be in store for the 34-year-old mall. “It’s a great development opportunity,” she said. ...

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Metrocenter Mall owner blindsided by Sears closing

Metrocenter owner Shervin Mateen hardly expected the news he received a couple days after Christmas — the mall’s original and last remaining anchor would be shutting its doors for good. “It’s very shocking,” he said in light of the improving sales mall merchants had been reporting this holiday season compared to previous years. “Sales were increasing and then we hear ...

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Metrocenter owner: Debt paid

Los Angeles-based owners will consider purchase offers for ailing mall but portions of mall to be shuttered A Los Angeles real estate investment partnership that owns Jackson’s Metrocenter Mall says it has caught up on the mall’s tardy debt and will avoid foreclosure. Meanwhile, Jackson Metrocenter Group, LLC, is willing to consider offers from prospective buyers, said Shervin Mateen, general ...

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