Hull Property Group Acquires the Northlake Mall

March 4, 2025 – Hull Property Group announced today its acquisition of Northlake Mall in Charlotte, NC, further expanding Hull Property Group’s retail portfolio to approximately 20 million square feet, including 35 enclosed shopping malls across 17 states. Northlake Mall becomes Hull’s sixth enclosed mall in North Carolina.

“Hull Property Group’s goal is to be an integral part of this wonderful area of Charlotte as there is no bad property, just absent ownership. Northlake Mall has an excellent location with great regional circulation and access,” said Jim Hull. “Hull Property Group is excited about what can be accomplished at Northlake Mall by engaging community stakeholders to ensure long term success.”

“Northlake Mall has an exciting opportunity to create a regional footprint and attract new ventures like gyms, metabolic health and wellness initiatives, and locally owned coffee shops, restaurants, and boutiques,” said Carsen Palacz, Media and Communications Manager. “Hull Property Group looks forward to finding and creating new opportunities here in the Queen City!”

With over 50 years of experience in retail real estate, Hull Property Group specializes in acquiring and revitalizing underperforming enclosed malls with an eye toward serving a regional footprint. Hull Property Group has a long and strong track record of success and uses good stewardship as a financial strategy.

“The challenges facing Northlake Mall did not arise overnight, and they won’t be solved overnight. Malls nationwide are adapting to shifts in retail, including evolving shopping habits, the growth of e-commerce, and an oversupply of retail space and Northlake Mall is no exception”, said John Mulherin, Vice President of Government Relations. “Hull Property Group recognizes the need for creative solutions and flexible redevelopment tactics to once again make Northlake Mall relevant to the entire Charlotte community. Hull Property Group has established a clear vision for Northlake Mall and looks forward to working closely with local stakeholders to bring Hull Property Group’s vision to fruition, ensuring that Northlake Mall serves the community in a manner that reflects Charlotte's future and prestige."