Altoona-Blair County Development Corp. aims to form group to buy Logan Valley Mall
The Altoona-Blair County Development Corp. is working to facilitate an effort to form a local investor group with the goal of purchasing the Logan Valley Mall from Namdar Realty Group, according to Steve McKnight, the corporation’s president/CEO. In August, McKnight told the Logan Township supervisors there is local interest in potentially purchasing the mall, but at that time, Namdar wasn’t willing to yield to an acceptable price point that meets market conditions. The mall, valued at $13.8 million, is reportedly worth $30 million to Namdar, Logan Township Manager Tim Brown said ...