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The iconic shopping draw that is NorthPark Center may have its eye on expansion. That's according to a DMN story today that says the owners of the shopping center have sold a 60 percent stake in the mall for $362 million to J.P. Morgan Asset Management Strategic Property Fund of New York. Connecting the dots, the report says that the last time a big portion of the mall was sold—in 2004—NorthPark practically reinvented itself with a large-scale addition. The mall, which is one of the country's top-performing centers with annual sales of more than $1 billion a year, is valued by J.P. Morgan at $603 million. That's a lot of Spanx.
· Something Big's In Store for NorthPark [DMN]
· NorthPark Center [Official Site]
· All NorthPark Center Coverage [Racked Dallas]