Kingsport Town Center Managing Principal Jame Hull of Hull Property Group the Fort Henry Mall will not be allowed to fall. The mall has recently come under fire from competition from The Pinnacle development in Bristol. The KTC has been losing tenants, but has retained it's three anchor stores; Belk, JC Penney, and Sears.
Hull Property Group acquired the 40-year-old shopping center last June, possessing a track record of re-positioning under performing enclosed malls and shopping centers in small markets. The real estate firm, based in Augusta, GA is overseeing the leasing, property management and marketing operations for the Kingsport Town Center.
James Hull spoke with local officials days ago about his plan for the mall moving forward. He is also planning court action to evict the mall’s movie operator, Frank Theatres, from the property.
Hull's firm wants to renovate the mall’s interior, possibly beginning next February and hopes to invest more than $4 million in the property.
Hull Property Group portfolio includes 25 enclosed malls across 11 states.