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Meet the Long Island guys who love unloved shopping malls

Property:

Category: Uncategorized

Date: August 18, 2021

Igal Namdar and Elliot Nassim first teamed up a decade ago to buy problem U.S. shopping malls.

Now they rank among the biggest all-cash buyers of the nation’s hard-luck malls. The pandemic has made it even tougher for mall property owners already struggling to keep up on mortgage payments, resulting in several major players throwing in the towel on distressed properties and with more likely.

The duo, through Namdar Realty Group and Mason Asset Management out of Great Neck, Long Island, currently owns about 60 million square feet of shopping center space, including roughly of 100 open-air properties are 65 enclosed malls. 

To read more, please visit MarketWatch.com.

Eastdale Mall sees resurgence

Property:

Category: Store Openings

Date: July 20, 2021

Read more on Eastdale Mall sees resurgence at WSFA 12 News.

Eastdale Mall store spaces should be all full by August

Property:

Category: Store Openings

Date: July 19, 2021

Eastdale Mall has gained 20 new stores since July 1, 2020 and should be at full occupancy by August, mall general manager Richard Holman said. 

“We have contracts on all in-line store spaces and all stores should be open by August 1,” Holman said. “We are very pleased with everything, the mix of stores we have to offer customers. We are seeing a much higher volume of traffic in the mall.”

More than 80 different businesses are open in the mall, including both stores and enterprises at kiosks, Holman said.

To read more, please visit Montgomeryadvertiser.com

Concord Mall adding several new eating/drinking establishments

Property:

Category: Store Openings

Date:

Rasa Sayang, a restaurant that has operated for more than a decade at Independence Mall off Concord Pike in Fairfax, is one of several new establishments moving into the Concord Mall.

The Malaysian restaurant and another eatery known as Snack Shack will celebrate grand openings at 11 a.m. June 25 at the Talleyville mall off U.S. Route 202.

The mall has been adding new tenants in recent months with businesses like 7th Inning Stretch, a premier sports collectibles and memorabilia destination located just north of Macy’s center court next to Bath and Body Works.

To read more, please visit Delawareonline.com

Business Notes: Gabe’s Opens in Nittany Mall; Jersey Mike’s Moves to Hills Plaza

Property:

Category: Store Openings

Date:

The Nittany Mall’s newest anchor store is now open for business

Gabe’s discount department store opened on Wednesday in the former Bon-Ton location at the College Township mall.

Founded in 1961, Gabe’s is a chain of department stores that sells clothing for men, women and children as well as home goods and essentials. The company has more than 110 stores in 13 states.

To read more, please visit Statecollege.com

Opening Date Set for Gabe’s Discount Department Store at the Nittany Mall

Property:

Category: Store Openings

Date:

Another Nittany Mall anchor space will soon be back in business.https://c95cd1c0271415cd3effa06db45f665f.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

Gabe’s discount department store will open on June 23 in the former Bon Ton location, according to a statement from the company that oversees leasing for the mall.

“We are committed to the future of Nittany Mall and its use as a retail and lifestyle destination,” Gabe’s will provide shoppers another great shopping option while visiting the Mall, ” Mason Asset Management President Elliot Nassim said. “Gabe’s will provide shoppers another great shopping option while visiting the Mall.”

To read more, please visit Statecollege.com.

Gabe’s discount department store has set an opening date for its Nittany Mall location

Property:

Category: Store Openings

Date:

Jun. 6—Gabe’s plans to open June 23 at the Nittany Mall, a spokesperson for the real estate group that oversees leasing efforts at the mall wrote in a statement.

The discount department store that sells clothing, footwear and home goods is set to open at the former Bon-Ton location. The 60,200-square-foot space is one of four anchor locations in the mall.

“We are committed to the future of Nittany Mall and its use as a retail and lifestyle destination,” Mason Asset Management President Elliot Nassim said in a statement. “Gabe’s will provide shoppers another great shopping option while visiting the mall.”

To read more, please visit MSN.com

Gabe’s discount department store has set an opening date for its Nittany Mall location

Property:

Category: Store Openings

Date:

Gabe’s plans to open June 23 at the Nittany Mall, a spokesperson for the real estate group that oversees leasing efforts at the mall wrote in a statement.

The discount department store that sells clothing, footwear and home goods is set to open at the former Bon-Ton location. The 60,200-square-foot space is one of four anchor locations in the mall.

“We are committed to the future of Nittany Mall and its use as a retail and lifestyle destination,” Mason Asset Management President Elliot Nassim said in a statement. “Gabe’s will provide shoppers another great shopping option while visiting the mall.”

To read more, please visit Centredaily.com

Gabe’s set to fill vacant Bon-Ton location at Nittany Mall

Property:

Category: Store Openings

Date: May 04, 2021

STATE COLLEGE — One of the anchor slots at the Nittany Mall will soon be occupied.

The Mason Asset Management team, which oversees Gabe’s, believes it will be a welcome addition to the Centre Region.

“Gabe’s is an economically priced department store that will provide the community with clothing for men, women, and kids; in addition to home goods and essentials,” a spokesperson said in an email.

To read more, please visit LockHaven.com