Who owns the Berkshire Mall in Lanesboro MA?
That Michigan mall and the Berkshire Mall previously had been owned by Mehran Kohansieh. Kohansieh, also known as Mike Kohan, bought the Lanesborough mall for $3.5 million in 2016 and sold it to Durga in 2019 for $1 million.
What’s going on with the Berkshire Mall?
On May 28, 2019, under new ownership, the mall closed permanently except for Target and Regal Cinemas. On February 1, 2022, Regal Cinemas closed forever, leaving Target as its last remaining tenant.
When did Berkshire Mall open?
February 10, 1970Berkshire Mall / Opened
Who bought Berkshire Mall?
Namdar Realty Group
PUBLISHED: August 31, 2020 at 7:40 a.m. | UPDATED: August 19, 2021 at 1:07 a.m. Berkshire Mall has been sold to a New York-based commercial real estate and investment firm. Namdar Realty Group took over the 50-year-old enclosed shopping center in Wyomissing in mid-July from Delaware-based Allied Property Group.
Why did Berkshire Mall close?
The mall closed abruptly in January 2015 after he failed to pay the power bill.
Who owns Berkshire Mall in Wyomissing PA?
Namdar Realty GroupBerkshire Mall / OwnerNamdar Realty Group is a shopping mall investment company based in Great Neck, New York. They primarily purchase troubled shopping malls with partner Mason Asset Management. Namdar and Mason are both family owned, and as of 2021, own over 400 properties including 100 plus malls. Wikipedia
Who owns Mckinley Mall?
Kohan Retail Investment GroupMcKinley Mall / Owner
Who owns the Jasper Mall?
Kohan Retail Investment GroupParkland Plaza / Owner
Did the McKinley Mall get sold?
HAMBURG, N.Y. — It’s been a long journey, but the McKinley Mall has finally been sold. Mike Kohan of Kohan Retail Investment Group bought the mall, through McKinley Mall Realty Holding LLC, for $8.5 million.
When did Sears McKinley mall close?
In February, 2020, Sears announced they will shutter. The onset of the COVID-19 pandemic forced all malls to close in response to prolonged lockdown orders nationwide.
Why are malls dying?
The COVID-19 pandemic shattered the brick-and-mortar retail sector as consumers moved much of their shopping online. Developers, cities and towns are searching for ways to make use of already-dead malls, as many seek to convert their remains into affordable housing, offices and gyms.