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Town Center sale still pending

The sale of the Sunnyvale Town Center could be finalized today, according to a spokesperson for the potential buyer.

David Kato of American Mall Properties said the Northridge-based company and current mall owner, TrizecHahn, are "looking at Wednesday" to close the deal.

Escrow was set to close June 29, according to a city report, but the two sides extended the deadline to continue negotiations.

According to the report released by the office of the city manager, American Mall Properties specializes in revitalizing underachieving shopping malls.

The report states that American Mall Properties will launch an aggressive marketing campaign, bring family-oriented tenants to the mall and work with city officials to improve the troubled shopping center.

In a special City Council meeting June 25, councilmembers unanimously approved the transfer of the sublease for the mall's parking garage from TrizecHahn to American Mall Properties.

Putt for schools

Washington Mutual Financial Center will hold its "Putt for Education" program, where contestants can sink putts to be eligible for a daily $1,000 prize.

Half of the prize will go to a California public school of the winner's choice; the other half will open a new account at the bank.

Golfers who drain two of three putts are eligible for the daily prize, which runs July 16-18.

Along with Washington Mutual's Dollar-For-Education program, which gives $1 for every new checking account, the Putt for Education program hopes to raise $1 million for California public schools.

Washington Mutual Financial Centers are located at 410 S. Mathilda Avenue and 106 B Murphy Avenue.

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This article appeared in the Sunnyvale Sun, July 8, 1998.
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