As excitement builds over the pending renovation of the Foothills Mall in Fort Collins, redevelopment plans at the Greeley Mall are progressing as well.

The Greeley shopping center was purchased during a foreclosure auction a year ago for $6.15 million by Moonbeam Equities, which owns six other regional malls nationwide. Since then, Moonbeam has worked to find new tenants for the 504,822-square-foot facility, especially in the anchor spaces. 

In 2010, the former owners, Barrington, Ill.-based GK Development defaulted on a $40.4 million loan on the property.

The anchor spaces have attracted “quite a bit of interest,” but the company is not yet ready to name tenants, according to Sandra O’Clock, general manager of the mall.

The owners are doing a retail market analysis in conjunction with UNC’s Monfort College of Business, O’Clock said. The results of that analysis, which are expected in May, will help determine which tenants are the right fit for the space.

O’Clock hopes to have the results back in time to take them to the annual conference of the International Council of Shopping Centers in May. The conference will provide access to hundreds of potential provide access to hundreds of potential tenants, and O’Clock hopes the market research will help identify the right ones for Greeley.