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McCormac said the mall has done an admirable job of diversifying outside of retail by attracting new tenants, but it was not enough which led to the mall recently being listed for sale and ...
The malls' French owner, Unibail-Rodamco-Westfield, plans to focus on Europe after unloading its U.S. collection of properties. Westfield malls go up for sale as U.S. shoppers find other places to buy
Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and garages. In many U.S. states , residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.
The International Council of Shopping Centers, based in New York City, classifies two types of shopping centers as malls: regional malls and superregional malls.A regional mall, per the International Council of Shopping Centers, is a shopping mall with 400,000 sq ft (37,000 m 2) to 800,000 sq ft (74,000 m 2) gross leasable area with at least two anchor stores. [8]
The Neshaminy Mall, once a powerhouse of Lower Bucks County retail, is for sale “as is,” according to a real estate listing. The fixer-upper, owned by Brookfield Properties sits nearly empty ...
One of the biggest malls in the world is the one near Miami, called "Sawgrass Mills Mall": it has 2,370,610 square feet (220,237 m2) of retail selling space, with over 329 retail outlets and name brand discounters. The smaller malls are often called open-air strip centres or mini-marts and are typically attached to a grocery store or supermarket.
The mall as a retail concept is alive and well, with retailers pivoting to fit the demands of a digital age. Rather than jostling with brick-and-mortar stores for supremacy, each shopping format ...
Sales at the mall were stated at $115 million in 1977. [4] In 1989, a shopping center outside the mall called New York Square was built. It features Kohl's, a former OfficeMax, and other stores. A year later in 1990, another new shopping center, Fox Valley Commons, was built across from the mall. Tenants include International Food Market, and ...
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