Northlake Mall to be sold for $39 million, $200 million fewer than its last sale

CHARLOTTE, N.C. — Charlotte’s Northlake Mall is set to be sold after years of financial instability and crime issues.

Spinoso Real Estate Group, which took over the mall through a defaulted loan in 2021, approved a $39 million sale to a trio of Georgia-based businesses that work as Hull Property Group. The deal was approved by Spinoso on Jan. 7.

North Carolina Business Court records say that 5,699 parties showed interest in acquiring the property with 54 of them putting in potential offers…

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