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Ross Dress for Less opens, pizza shop packs on the toppings and more Jackson County business news

Property:

Category: Leasing Updates

Date: October 18, 2023

JACKSON COUNTY, MI – A long-awaited retail store has opened in Jackson County and a local coffee shop opened in a historic Somerset store.

For more, please read at MLive.com.

New Namdar exec on Pittsburgh Mills: ‘We do not intend to let this property go.’

Category: Property News

Date: September 29, 2023

Allow Dan Dilmanian, the new COO of Namdar Realty Group, to introduce himself as the company’s newest and perhaps best argument that it is fully committed to maintaining its ownership of the Galleria at Pittsburgh Mills in advance of a scheduled Sheriff’s Sale of the more than one-million-square-foot mall on Oct. 2.

For more information, read at Pittsburgh Business Times.

Namdar, Franklin County Area Development Corp. to Redevelop 127-Acre Mall in Pennsylvania

Property:

Category: Leasing Updates

Date: August 18, 2023

Namdar Realty Group and the Franklin County Area Development Corp. (FCADC) have announced plans for the redevelopment of Chambersburg Mall, a 127-acre property located in Chambersburg.

For more information, please read at Shopping Center Business.

Namdar Realty Group identified as Crystal Mall buyer

Property:

Category: Leasing Updates

Date: June 26, 2023

Jun. 23—WATERFORD — A Long Island real estate investment firm with a history of snapping up struggling shopping malls and then hanging onto them while investing little in upgrades has purchased Crystal Mall for more than $9.5 million, having offered the winning bid in an online auction last month.

A deed filed Thursday with the town clerk’s office shows three entities with addresses in Great Neck, N.Y., bought the property at 850 Hartford Turnpike from a commercial lender that foreclosed last year on a loan obtained by Simon Property Group.

For more information, please read at The Day

Circus Delman coming to Montgomery

Property:

Category: Property News

Date: June 23, 2023

MONTGOMERY, Ala. (WSFA) – The Eastdale Mall is all set to host the Circus Delman Spectacular from June 23 through July 10.

The Circus Delman was founded in 1984 in Mexico City by Mr. Oney Del Manzano and Mrs. Aida Vazquez, along with his four children, Lorena, Jorge, Roberto, and Alberto. Their mission is to bring joy, magic, and fun to people from all over the world.

For more information or to purchase tickets, click here.

For more information, please read at WSFA

Eastdale Mall reports successes, despite malls closing in U.S.

Property:

Category: Property News

Date:

MONTGOMERY, Ala. (WSFA) – The Eastdale Mall in Montgomery has been successful as the city’s longest-standing mall for nearly five decades despite a trend of malls closing in the U.S. over the last 15 years.

“We’ve been blessed,” said General Manager Richard Holman.

Holman reported that the mall does not have any vacancies after announcing four new retailers, adding there is a waiting list of businesses wanting to rent out a space.

Please read more at WSFA.com

Concord Mall Mounting a Comeback

Property:

Category: Property News

Date: September 09, 2022

Two years after its longtime owner gave up on Concord Mall, the state’s second-largest shopping center has doubled its occupancy rate, attracting an influx of local independent retailers and nontraditional service providers.

On a recent weekday afternoon, foot traffic at the mall was brisk. Families getting ready for the upcoming school year shopped at national retailers, like Foot Locker, Famous Footwear and H&M. They also patronized smaller, locally owned boutiques, including City Blue and Good Vibes.

To read more, please visit Delaware Business Now.

Gabe’s Sets Mall Opening Date

Property:

Category: Property News

Date: August 22, 2022

STATE COLLEGE — Another Nittany Mall anchor space will soon be back in business.

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 State College.

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.