Mall at Robinson sold to Australian investment firm

On Monday, an Australian investment firm completed its purchase of The Mall at Robinson, one of the area's top shopping centers.

Queensland Investment Corp., or QIC, bought the mall from Forest City Realty Trust, which is based in Cleveland.

It's one of 10 malls QIC is buying as part of a $3.1 billion deal.

The Mall at Robinson has several popular anchor stores, including Macy's, J.C. Penney and Dicks Sporting Goods.

Shoppers we spoke with expect changes to be made.

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"It may not change much, but you'll probably see some changes come along the road. I mean, usually everything does change when it's bought,“ said shopper Warren Roscoe.

QIC, which already owned part of the Mall at Robinson, said this about today's deal:

"We understand the importance of regional malls to their local communities and have the capability and the capital to evolve these assets into multi-faceted destinations."

Forest City said this sale is part of its larger strategy, which involves leaving retail mall business and focusing on offices and apartments.

Cox Media Group