‘Project Malibu’: Final sale of Knoxville Center Mall property coming ‘soon’ to yet-to-be-named company

in Business

KNOXVILLE, Tenn. — The old Knoxville Center Mall property is getting close to having a new owner, but the company that’s looking to buy it is keeping quiet about its identity — at least for now.

On Thursday, the city of Knoxville held a virtual call with a representative for the company as well as a developer that’s been in local headlines recently: Hillwood Enterprises, LP.

Hillwood’s subsidiary, Hillwood Investment Properties, recently began work on an Amazon fulfillment center in Alcoa. Hillwood is known for being involved with developing warehouses across the U.S. for e-commerce giants Amazon and Wayfair — which have both been posed as possible occupants for the Knoxville property.

Officials with the city of Knoxville said they expect to announce a sale “soon,” but could not give a more specific time frame at this point.

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