By Darren DaRonco | Arizona Daily Star
El Con Mall was purchased for $81.7 million by a group fronted by St. Louis Rams owner Stanley Kroenke.
Kroenke plans on continuing to operate the nearly 93-acre property as a “vital shopping destination,” according to a press release from Eastdil Secured, a real estate investment banking company in Santa Monica, California, that represents the new owners.
The sale ranks as one of the largest real estate transactions in Tucson history, said Hank Amos, president of Tucson Realty & Trust.
It’s also an indicator of how investors view the Tucson economy, he said.
