Lindale Mall sold to New York firm

Lindale Mall has been sold for $28.5 million in a transaction completed March 23, according to Cedar Rapids Assessor’s Office records.

The sale transfers Lindale’s ownership from Washington Prime Group, based in Columbus, Ohio, to Kohan Retail Investment Group (KRIG), based in Great Neck, New York.

The 723,666-square-foot Lindale Mall, at 4444 First Ave. NE, opened in September 1960 as Cedar Rapids’ first large-scale…