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by Kevin Tampone

Dewitt, NY – The new owner of ShoppingTown Mall plans to keep the property’s focus squarely on retail.

“We want to stay a mall; a retail destination,” said Steven Maksin, founder and CEO of Moonbeam Capital Investments, which bought ShoppingTown this month. “We’re not building multi-family here.”

Maksin and other members of Moonbeam’s management team are in town this week for meetings with mall staff and tenants and local officials. Moonbeam, a Las Vegas-based private equity fund, won an online auction for ShoppingTown last month with a bid of $13.65 million.

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