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Gateway Mall sold: New owners promise positive changes

Gateway Mall, Prescott
Gateway Mall, Prescott

By Ken Hedler | The Daily Courier

A Dallas-based company that owns more than five shopping malls throughout the country bought the Prescott Gateway Mall Monday for an undisclosed amount, a company official announced.

The Tabani Group bought the bank-owned mall off Highway 69 and Gateway Boulevard because it is “extremely high-quality real estate,” said Abbas Kanji, who works in acquisitions for the family-owned company. “It is a very beautiful structure.”

Kanji said Tabani officials met with Prescott Mayor Marlin Kuykendall “and his team” in advance of the sale.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.