Auburn (Maine) Mall owner puts three retail properties on the block

[retailisking]

NOT the struggling Auburn Mall itself, but three properties surrounding it:
http://www.sunjournal.com/news/business/0001/11/30/three-auburn-plazas-sale-schott-asking-249-million/1915688

[Zayre88]

That guy owns almost everything around there!

[retailisking]

Schott has sold off the three properties and landed an Applebee's in return. All in all, the deal came in nearly $5 million under the asking price. The buyers are two heirs to the VIP Discount Auto fortune. Schott is transitioning out of retail and into hospitality.
http://www.pressherald.com/2016/08/24/auburn-developer-george-schott-sells-three-retail-plazas-buys-three-hotels/