What Does New Management Mean For Lufkin Mall's Future?

You may recall that Lufkin Mall had a substantial tax bill to Angelina County, which prevented the sale from going through in 2024. The over $1 million bill for taxes in 2022 and 2023 was recently paid, finally setting things on track to change hands.

Previously, the Lufkin Mall was owned by many companies, but the most recent was the Kohan Retail Investment Group, operating as Lufkin Mall Realty Holdings LLC. The massive investment group out of New York owns many malls.

TSM Lufkin - Daphinie Jade

Now they have sold the Lufkin Mall, and Jones Lang LaSalle Americas, Inc. (JLL) is the management company. The company is a leasing partner, so the exact ownership structure is not entirely straightforward.

Lufkin Mall Has New Owners...Again

A letter sent to tenants on JLL letterhead today states that William Moebius has been appointed as receiver for Lufkin Mall. They also announced that Jones Lang LaSalle Americas, Inc. (JLL) will be the property manager.

Mike Welborn was listed as the General Manager of the property, with Debra DePonte as the office manager. They will be handling the day-to-day operations at the mall and fielding calls from businesses about issues.

New management will always bring about changes, and luckily for us, the Lufkin Mall will be open for at least the foreseeable future. There are no plans to make any improvements.