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.
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
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
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.
