Colonial Mall changes ownership

Colonial Mall changes ownership

It's the talk of the town.

Who bought Colonial Mall in Decatur and what changes may follow for shoppers?

A new, out of state company signed on the dotted line, but what's next?

It's still too early to know about any future plans, but we do know the new owners will not manage the property.

"We were purchased by a company from New York, First Republic Group and we're being managed by Jones Lang Lasalle and we're real excited about that," says marketing manager Tammy Burks.

So far there are no announcements of major changes or renovations, but the company claims there will be some studies done to find out how best to meet the needs of shoppers.

"This is a place where families can come out and shop with their children. It's a safe environment and we're going to continue to be that way."

Burks says they will continue to focus on being very community and family oriented.