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AMERICAN VALUATION GROUP, INC. RETAINED FOR REGENCY MALL
Lansdale, PA (February 8, 2010) - American Valuation Group, Inc. was retained to provide appraisal
services and expert witness testimony on Regency Mall, a super-regional shopping mall located in
the City of Racine (south of Milwaukee metro), Wisconsin. The 854,132 square foot one-level,
enclosed mall, which opened in 1981 and was renovated in 2000, is situated five minutes east of I-94,
at the intersection of Highways 11 and 31. Strategically located between metropolitan
Milwaukee and Chicago, Regency Mall is the only enclosed regional mall located within its three-county
market of Racine, Kenosha and Walworth Counties. Regency Mall is anchored by Boston
Store, Burlington Coat Factory, JCPenney and Sears. Target is an adjoining freestanding shadow
anchor.
Regency Mall has an impressive collection of stores and family-friendly features and is a
dominant mall in its trade area due to size, location and tenant mix. In addition to the anchor stores,
the mall has approximately 100 stores including Aéropostale, American Eagle Outfitters, Charlotte
Russe, GAP, Jos. A Bank, PacSun, Talbots and Victoria’s Secret. The shopping complex offers on
its periphery Target and national-chain restaurants, including Applebee’s, Olive Garden and Lone
Star Steakhouse, making Regency Mall a preferred shopping and dining destination for its more than
nine million customers annually. CBL & Associates Properties, Inc., one of the nation’s largest
publicly traded real estate investment trusts, owns the mall and handles leasing and management.
American Valuation Group, Inc. has been retained for appraisal services and expert testimony
for a tax appeal litigation proceeding. “Separately valuing two of the anchors and the current
appropriate cap rate for this property will be major issues in this case,” said Mark T. Kenney, MAI,
SRPA, MRICS, MBA, President of American Valuation Group, Inc. He added, “Tax assessors are
increasingly concerned about appropriate values for shopping malls given the current recessionary
environment and credit crisis.” Mr. Kenney is the author of “Business Enterprise Value: The Debate
Continues,” and other shopping mall articles that appeared in The Appraisal Journal, a leading
industry journal published by the Appraisal Institute.
American Valuation Group, Inc. is a leader in the appraisal of shopping malls and shopping
centers, and specializes in property tax appraisal and litigation support for assessors nationwide. For
information about litigation support services, contact Mark Kenney at (215) 855-1800 or visit our web site at www.ameri-val.com.
207 Abbey Lane
Lansdale, PA 19446Ph: 215.855.1800
Fax: 215.855.1782 Email: mkenney@ameri-val.com