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Cayuga Health acquires space at New York mall that once housed Sears, Bon Ton stores

Category: Property News

Date: March 23, 2022

Cayuga Health has made a big purchase at an upstate New York shopping center.

Cayuga Health has purchased 108,000 sq. ft. of space —former big-box retail parcels where The Bon Ton and Sears stores once stood — at The Shops at Ithaca Mall, Lansing, N.Y.

The property was purchased from an ownership group that includes Mason Asset Management and Namdar Realty Group, two Long Island-based real estate investment companies that oversee leasing and management efforts at the mall.

To read more, please visit Chain Store Age.

San Antonio’s retail real estate market shows promising 2022 debut

Property:

Category: Property News

Date: March 02, 2022

San Antonio retail made notable progress in the first month of 2022, showing the local market is on a hot path if trends continue to stay steady through the new year.

NAI highlighted the notability of two tenants — Fitness Connection, a budget gym chain, and another undisclosed tenant —taking over the 141,606-square-foot former Sears location in South Park Mall.

The management firm behind the mall told the Business Journal it expects more business in non-traditional real estate interest as wealth creation remains concentrated in other areas of San Antonio.

“We’ve seen more of an uptick in non-traditional retail experiences, especially in centrally located destination hubs such as South Park Mall,” said Igal Nassim, director of leasing at Mason Asset Management in a statement to the Business Journal earlier this month.

To read more, please visit San Antonio Business Journal.

Eastdale Mall Partners With ADPH to Host A Drive Through COVID-19 Test Clinic

Property:

Category: Property News

Date: January 21, 2022

Eastdale mall has partnered with the Alabama Department of Public Health to give out free COVID-19 testing. The clinic will be open this week from 10 am to 6pm, Thursday though Saturday.

The following week it will be open at the same time Tuesday through Saturday. The drive through clinic will be at the Dillard’s location at the mall. ADPH will be providing saliva PCR testing. They are not requiring insurance for testing and you can either pre register or just head over to the mall for testing.

Rural N.J. town will redevelop nation’s first outlet shopping center into a housing complex

Property:

Category: Property News

Date: January 07, 2022

Flemington’s Borough Council has adopted an ordinance establishing the “Liberty Village Redevelopment Plan” that will transform the borough’s notable outlet mall into mixed-income housing units.

The plan, approved Monday night, consists of redeveloping the Liberty Village Redevelopment Area — which is comprised of 10 lots and about 23 acres — into multi-family residential and/or townhouse units that will accommodate a mix of incomes and household sizes, according to the redevelopment plan.

To read more, please visit NJ.com.

Flemington approves Liberty Village outlet center redevelopment plan.

Property:

Category: Property News

Date:

FLEMINGTON – The Borough Council has taken the first steps in the long road toward the redevelopment of Liberty Village.

By a 5-0 vote, the council approved the plan that gives a vision of what could be built on the 23-acre site of the nation’s first outlet center.

Namdar Realty Group bought Liberty Village in 2019. Namdar is a privately held, commercial real estate investment firm, owning and managing more than 51 million square feet of commercial real estate throughout the United States.

To read more, please visit mycentraljersey.com

Citrus Heights adopts new Sunrise Mall specific plan, paving the way for redevelopment

Property:

Category: Property News

Date: November 23, 2021

The Citrus Heights City Council this week unanimously voted to approve a new specific plan outlining redevelopment at the Sunrise Mall.

The mall’s majority owner, New York-based Namdar Realty Group, submitted a letter of support for the specific plan. “We have been working closely with City Staff to discuss redevelopment options for our property and support the approval of the Sunrise Tomorrow Specific Plan,” Namdar CEO Igal Namdar said in the letter. “We look forward to advancing our plans for the site.”

To read more, please visit SacBee.com

The Bangor Mall is turning into an entertainment destination

Property:

Category: Property News

Date: November 10, 2021

A growing number of people will pass through the doors of the Bangor Mall in the coming weeks and months to enjoy theater, music, gaming and other entertainment — attractions that are starting to rival retail centers at the mall.

Today at the mall, Some Theatre Company and Ten Bucks Theatre Company both operate spaces. Sunshine’s Fitness Studio and Wellness Center offers classes and personal training. Bangor Comic & Toy Con, after hosting its convention at the mall earlier this month, will now offer year-round programming in two storefront locations. Maineiac Manor, open during October and sporadically throughout the year, runs a haunted house in the former Hollister store, and local photographer Shane Grant opened a photography and video studio. 

And by the end of the year, G-Force Adventure Center will open an entertainment and gaming center with laser tag, an arcade, axe throwing, bounce houses, live music and comedy, and a bar and restaurant, in four leased storefronts in the wing of the mall where Sears once was.

To read more, please visit Bangor Daily News.

Yale New Haven Health Buys Former Macy’s Building at Meriden Mall in Connecticut

Property:

Category: Property News

Date:

Yale New Haven Health, a regional provider with a total of 2,409 beds across its facilities, has purchased a building previously occupied by Macy’s at Connecticut’s Meriden Mall. Yale New Haven Health plans to repurpose the property into a retail health clinic. According to the Hartford Business Journal, Macy’s closed its store within the 179,285-square-foot building in May 2020. An investment group that includes Mason Asset Management and Namdar Realty Group owns Meriden Mall.

Former Macy’s To Be Repurposed as Healthcare Facility

Property:

Category: Property News

Date:

The previously unoccupied 179,285 square-foot Macy’s store attached to the Meriden Mall at 460 Lewis Avenue in Meriden. The vacant Macy’s property provides YNHHS with the opportunity to create an innovative, consumer-focused facility with numerous advantages.

“We’re thrilled that YNHHS chose MedCraft as a strategic advisor to identify, evaluate and negotiate the acquisition of a location of this complexity, scale and importance,” says Steve Bruckeridge, Development Principal with MedCraft. “We brought an experienced, multidisciplinary team to conduct a comprehensive analysis of potential sites that could meet YNHHS’ criteria based on market location, functionality, cost and constructability. With our retail redevelopment expertise and collaboration with the YNHHS team, the City of Meriden, Macy’s and Namdar Realty Group (the Meriden Mall owner), we were able to find the optimal site.”

To read more, please visit Healthcare Facilities Today.