Bainbridge Mall sold, Walgreens coming

July 21, 2006

The Post-Searchlight, Bainbridge, GA
By Carolyn Iamon, News Writer

Bainbridge Mall, is under new owners. Soon the building housing Yuki Express will be torn down to make way for a Walgreens.

The Bainbridge Mall has a new owner.

In-Rel Management, a full service real estate firm with headquarters in Lake Worth, Fla., completed the transfer of ownership last week from Edens & Avant, the mall’s former owners.

Principles of In-Rel are Dennis Udwin and Charles Stein, who formed the company in 1985. They specialize in acquiring, remodeling and managing commercial properties.

Udwin said the company intends to make some improvements at the Bainbridge site, although he believes the building has been well maintained and has a good downtown location.

Walgreens coming

One of the improvements Udwin mentioned is to tear down the out-parcel, which currently houses the Yuki Express, to make way for construction of a new Walgreens.

Yuki Express will then be moved inside one of the mall spaces.

Udwin said the company currently has properties in South Florida, Memphis, Nashville and Birmingham, and they are looking at additional properties in Georgia as well as in the Tallahassee area and Mobile.

Company plans are to establish a satellite office in Bainbridge and Udwin said Cathi Galpin has been named as property manager.

Udwin said In-Rel is a very creative hands-on group who will be very aggressive and competitive in their rentals and in helping the mall reinvent itself.

In addition to retail stores he indicated they will look at offering office spaces on the interior spaces and have started discussions with medical people about some of those vacancies. He said they presently have substantial interest from some “new blood” retail tenants who are presently in some of their other locations.

Carolyn Iamon can be reached by e-mail at cinews@e-postprint.com, or telephone at (229) 246-2827, Ext. 115.