Hickory Hollow Mall Sold: $1 Million

The new owners of Hickory Hollow Mall have plans for what they call a global mall. Image courtesy CBL Properties
The new owners of Hickory Hollow Mall have plans for what they call a global mall. Image courtesy CBL Properties

The struggling Hickory Hollow Mall has been sold at the fire-sale price of $1 million. The buyer was interested in a small space for a medical clinic. The property’s owner threw in the rest of the mall for the same price.

Hickory Hollow has experienced a spectacular collapse in value since it was last sold in 1998 for nearly $200 million. Most of the mall is now vacant.

Real estate investor Rajesh Aggarwal and his wife – who is a physician – have purchased all but the big box anchor stores. Attorney Mark Nobles is the couple’s spokesman and says the building is in pretty good shape but the mall has a reputation to rebuild.

“It comes with all of its warts that it has, and the Aggarwals are going to make that property into something better than it is now.”

Nobles says Hickory Hollow will not be Green Hills or Cool Springs. He says the plan is to be a “Global Mall” and reflect the increasing diversity of southeast Nashville with Middle Eastern restaurants and cultural dance studios.

Blake Farmer

Blake Farmer is WPLN's assistant news director, but he wears many hats - reporter, editor and host. He covers the Tennessee state capitol while also keeping an eye on Fort Campbell and business trends, frequently contributing to national programs. Born in Tennessee and educated in Texas, Blake has called Nashville home for most of his life.
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