News

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

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.

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 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.

Visitors to Sunrise Mall have a new technology store after Smart Tech Ready opened their doors last month.

The store focuses on mobile device cases and accessories. Shoppers looking to start a video channel can find ring lights with stands and there are headsets for gaming.

To read more, please visit Citrus Heights Sentinel.

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 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.

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 – 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