Columbus Square Mall in Georgia Bought by Atlanta's Buckhead Equities. (Originated from Columbus Ledger-Enquirer, Ga.)

Knight Ridder/Tribune Business News, December, 1994 by Carroll, John

Dec. 29--A small Atlanta-based real estate firm purchased Columbus Square Mall for an undisclosed amount Wednesday.

Buckhead Equities Inc., a subsidiary of Bradco Inc., took control of the Macon Road mall after it wired funds Wednesday afternoon to Rouse Co. and Cigna Corp. - the mall's co-owners since 1988.

"We're confident that we can turn the mall around," said Frank B. Bradshaw III, president of Bradco Inc. "We don't have a doubt in our minds."

A real estate deed documenting the sale of Columbus Square Mall had not been filed with the city late Wednesday.

City records show the value of the mall to be $21 million in 1993. Rouse and Cigna paid $31.4 million for Columbus Square in 1988.

Sources say Bradco paid less than $10 million for...

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