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They are often offered steep discounts on rent in exchange for signing long-term leases in order to provide steady cash flows for the mall owners. Some examples of anchor stores in the United States are: Macy's, Sears, JCPenney, Nordstrom, Neiman Marcus, Saks Fifth Avenue, Dillard's, Kohl's, Walmart, and Target.
Echelon was a popular mall up until around 2000, when the mall began to struggle, and by 2005, the vacancy rate was nearly 75%. [11] Echelon had several problems that contributed to its high vacancy rate, including over expansion. It had four anchors which included Sears, built in 1998 but closed three years later. The remainder of the mall ...
The Bergen Mall, which was fully enclosed in 1973, was first planned in 1955 by Allied Stores to have 100 stores and 8,600 parking spaces in a 1.5 million square feet (140 × 10 ^ 3 m 2) mall that would include a 300,000 sq ft (28,000 m 2) Stern's store and two other 150,000 sq ft (14,000 m 2) department stores as part of the initial design ...
Triangle Town Center opened on August 14, 2002 [1] with anchors Hudson Belk, Sears, Dillard's, and Hecht's. [4] Construction of the mall required re-routing of existing roads. [5] Saks Fifth Avenue, the state's first, opened later in 2004. The mall features a two-level Barnes & Noble, which serves as a junior anchor. [6]
The mall opened in 1979 as the Kenilworth Bazaar. [1] The original anchor stores were Stebbins Anderson and Hochschild Kohn's. In 2008, the mall started to undergo a multimillion-dollar facelift. [2] The mall managed to attract new tenants, despite a downturned economy that year. [3]
Originally the idea was conceived as a “mega mall,” with anchor stores like JCPenney, Sears and “the usual suspects,” Evans said. At the time Iowa's four largest malls were more than 25 ...
In 2009, Disney Store closed in the mall. In 2011, television station WOWK sub-leased some unused space in the BrickStreet area to relocate its TV studio. On December 28, 2016, Sears announced that it would be closing in April 2017 as part of a plan to close 150 stores nationwide, leaving JCPenney and Macy's as the only anchors left. [10]
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