ERSON – An Indiana-based company is currently negotiating with the Cook family for the purchase of the Mounds Mall. Local attorney Jonathan Cook, representing the Cook family, confirmed Thursday that they have received a purchase offer from Baumann RE LLC.
Cook said the discussions involved several different things including the purchase of the building, the land and some of the property adjacent to the mall. Mounds Mall is listed on the commissioner’s certificate sale on April 8 at a cost of $100. Cook said he plans to ask the Madison County commissioners to remove the property from the certificate sale list. Erson Mayor Thomas Broderick Jr. said he knew the Mounds Mall has been on the market and that a group was interested in the building.
The Mounds Mall property is included in the federal opportunity zone program. The Mounds Mall opened in 1963 as the first enclosed mall operated by the Simon Property Groups. Simon, the largest shopping mall operator in America, sold the mall in 2003 to Coral Gables, Florida-based Bayview Financial LP. Bayview sold the Mall in 2009 to Anderson siblings Virgil E. Cook II and Natalie Campbell, who already owned the land the mall was built on.