WEST LAFAYETTE, Ind. (WLFI) — Half of the ownership of Chauncey Hill Mall and Chauncey Hill Annex in West Lafayette has been purchased by Muinzer and T2 Capital Management. The purchase was announced on Thursday. The seller, real estate investment firm Trinitas Ventures, will still own 50% of the mall.

Muinzer is a fully integrated owner and operator of commercial and residential real estate. T2 Capital Management is a Chicago-based real estate investment firm.

“Off-market opportunities to acquire generational assets at a compelling price are very rare. Our team was uniquely positioned to close quickly via an all-cash transaction,” said Marc Muinzer, Founder and CEO, Muinzer. "We are actively seeking to acquire assets throughout the Midwest. Our 20-year track record of executing across various economic cycles has been a backbone of our success. We intend to leverage this experience as we continue to expand our team and our portfolio.”

WLFI reported back in May of 2018, there were originally plans to demolish Chauncey Hill Mall.