BOARDMAN, Ohio – The ownership group of Southern Park Mall has sold off a small chunk of vacant commercial property that fronts Market Street for $350,000, according to the Mahoning County Auditor’s Office.
A transaction recorded Jan. 23 shows that Southern Park Mall Realty Holding LLC, a subsidiary of New York-based Kohan Retail Investment Group, sold a vacant, 1-acre lot to FIDC 184 LLC. The parcel is situated on the southwestern quadrant of the mall property along Market Street.
FIDC 184 lists its taxpayer address as 100 DeBartolo Place, Suite 400, which is the same address as Cocca Development Ltd., a Boardman residential and commercial real estate developer.
A message was left at Cocca Development seeking additional information on future plans for the site. The company had not responded as of this posting.
Records show that the parcel was sold to FIDC for approximately $70,000 less than the full appraised value determined by the auditor’s office, which is $420,990.
The commercial property was part of Kohan Retail’s $24.1 million package acquisition of buildings and seven parcels that comprises the Southern Park Mall complex. That sale was completed in December 2024.
However, problems arose with Kohan after it missed deadlines to pay the mall’s first-half and second-half real estate taxes.
The Business Journal reported in April that Kohan had missed its first-half tax payments of 2025. Records show it also missed a deadline for second-half payments that were due in August, bringing the ownership group’s tax liability to more than $1 million.
Kohan attempted to pay the bill at least three times, only to have those payments rejected because of insufficient funds. The ownership group ultimately settled its tax bill in December.
There were also issues with Kohan delaying payment to its employees. The mall’s previous general manager, Vincent Tyler, resigned in early November after his staff and employees were not paid for the previous week. The impasse led to a temporary closure of the mall during the morning of Nov. 3. The mall reopened early that afternoon after Kohan promised to pay its employees the following day.