Valley West Mall Acquired by West Des Moines-Based Developer

An Iowa developer bought the 58-acre Valley West Mall for $11 million; a nearly 50-year-old JCPenney lease now stands in the way of redevelopment as the city considers up to $110 million in incentives

Threshold Capital has acquired the Valley West Mall property for $11 million in West Des Moines, Iowa. This ambitious mixed-use development aims to blend residential, retail, and entertainment spaces. Yet, they must navigate a challenging lease agreement with JCPenney that could impede progress. City officials are contemplating up to $110 million in public funding for this expansive project, with hopes of commencing construction following city a…

Valley West Mall sold, buyer seeks to invalidate JCPenney’s lease

Valley West Mall acquired by West Des Moines-based developer

"I’m willing to take that risk because I believe West Des Moines and the greater community need this to happen," the developer's CEO said.

Valley West Mall is finally sold

An Iowa developer bought the 58-acre Valley West Mall for $11 million; a nearly 50-year-old JCPenney lease now stands in the way of redevelopment as the city considers up to $110 million in incentives - THE LOCAL REPORT ARTICLES

An Iowa developer has bought the 58-acre Valley West Mall site for $11 million (£8.2 million). The company is now starting a major redevelopment project, but it must first deal with complex lease agreements and get support from the city. Brian Martin, president and chief executive officer of Threshold Capital and Threshold Development, completed the ...

Valley West Mall Sold to Threshold Capital in West Des Moines

Threshold Capital bought Valley West Mall for $11 million and is suing to void a JCPenney lease blocking demolition in West Des Moines.