Lake Norman & Mooresville

Belk is open to selling its Eastland Mall building

Belk has spoken with Houston-based Boxer Property about buying its empty department store at Eastland Mall, Belk spokesman Ralph Pitts said Friday.

Pitts said he couldn’t comment on the conversation, and only said the department store company is “willing to entertain offers.”

The city of Charlotte said Friday it hasn’t received a proposal from Boxer Property about how it could help buy the empty anchors Eastland Mall anchor stores.

Boxer president Andrew Segal said Thursday his company plans to buy the main section of the mall, which is in foreclosure. He said he would like to buy the four empty anchor stores, but might need government help to do so.

Some elected officials said Friday they would consider a proposal to help.

“I’ve spoken to our economic development staff and let them know it’s a priority to meet with this group at the earliest opportunity,” said Charlotte Mayor Anthony Foxx, a Democrat. “We need to learn what their intentions are, and to get a feel for what they would like to accomplish.”

Last fall, the city council authorized city staff in closed session to enter negotiations to buy the entire mall for $22.4 million. City staff and the owners agreed to a purchase, but then council members changed course. They asked city staff to instead offer $7.5 million for the entire mall, which was rejected.

The city had first agreed to buy the main section of the mall for $6.6 million, and then offered $3.8 million. The lower figure was rejected.

It’s unclear how much Boxer has agreed to pay for that section of the mall.

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