As of March 2022, the mall is leased and managed by court-appointed receiver “Spinoso Real Estate Group”.

According to loan-servicer notes, Washington Prime at that point deemed Cottonwood Mall a "non- core" asset and requested the court appoint a receiver.

In August 2021, Washington Prime Group indicated it would not seek to retain ownership of Cottonwood Mall, according to financial filings.

Former tenants include Sega City amusement arcade,[4] Sears which was prior a Montgomery Ward, and Macy's which was once a Foley's, and a Mervyn's.

Cottonwood Mall was built on part of an 89,000-acre (360 km2) parcel of land given by King Philip IV of Spain in 1710 to Francisco Montes Vigil, who later sold the land, which included only some farmland along the Rio Grande, to Captain Juan Gonzales of the Spanish Army.

[5] Surrounded by growing urban areas, the Black family sold off much of the remaining ranch for the development of new residential subdivisions.

[12] The 1972 case Lloyd Corp. v. Tanner states that shopping malls may limit speech activities (such as distribution of pamphlets) on premises.

The chain restaurants in the food court include a Burger King, Charleys Philly Steaks, Keva Juice, and Potato Corner.