Eastland Mall (Evansville, Indiana)

Eastland Mall
Location Evansville, Indiana, United States
Opening date 1981
Developer General Growth Properties
Management Macerich
Owner Macerich
No. of stores and services 133
No. of anchor tenants 3
Total retail floor area 1,001,000 sq ft (93,000 m2).
No. of floors 2
Website
This article refers to the mall in Evansville, Indiana. For other malls of the same name, see Eastland Mall (disambiguation).

Eastland Mall is a regional shopping mall located on North Green River Road in Evansville, Indiana. It is operated by the Macerich, a group which owns and develops malls around the United States. The mall has 130 specialty stores, three department stores, and a food court with a variety of fast food eateries and a TGI Friday's restaurant. The current roster of department stores include Dillard's, Macy's, and J.C. Penney.[1]

Sales per square foot are in the $400 range, which is well above national averages for regional mall sales.[2] As the regional hub of the Illinois-Indiana-Kentucky Tri-State Area, retail sales per capita are 60% higher for Evansville than the state average and are the highest in the state.[2] Total square footage for Eastland Mall is one million.[3]

History

The mall was originally developed by General Growth Properties, opening in August of 1981. The original anchors were Lazarus (opening in August of 1982), J.C. Penney, Ben Snyder's, and deJong's. General Growth sold the mall as part of a larger portfolio of 19 centers to a passive institutional investor, Equitable Life Assurance Society in 1984.[4] General Growth retained the management agreement for over the next decade.

Snyder's was acquired by Hess's in 1987 and assumed the Hess's nameplate in 1988. Hess's ran into financial difficulties a few years later, shuttering this store in 1993. The Famous-Barr division of May Company bought the closed anchor, demolished it and opened a new store on the same site in 1996. After the mall was acquired by a partnership of Simon Property Group and Macerich, it was expanded to provide a larger food court area and a carousel was installed. Simon assumed management at this time. In 2005 the vacant deJong's location was converted into various specialty stores.

Lazarus briefly adopted the Lazarus-Macy's moniker in 2003 before dropping the legacy Lazarus name in early 2005, becoming simply Macy's. After the Federated and May Company department store merger in 2005, the Famous-Barr site was closed in 2006 and sold to Dillard's. The latest center mall anchor renovated and opened in 2007.[5] In late 2011 Simon and Macerich terminated their decade plus long multi-state partnership and distributed the remaining 11 properties, with Macerich receiving Eastland Mall and assuming management rights in January 2012.[6]

References

  1. ↑ "Eastland Mall". Macerich. Retrieved 2015-09-19.
  2. 1 2 "Evansville Master Plan" (PDF). Kenzelman Kline Gossman. Retrieved 2008-10-24.
  3. ↑ "Shopping Centers Today". Archived from the original on September 30, 2007. Retrieved 2007-02-14.
  4. ↑ "Final agreement signed for large realty buy". Kentucky New Era. Hopkinsville, KY. Associated Press. Sep 20, 1984. p. 4B. Retrieved 2015-03-02.
  5. ↑ "Dillard's soon to be open in Evansville". Evansville Courier & Press. Retrieved 2007-03-21.
  6. ↑ "Eastland Mall". Indiana Economic Digest - Jan 18, 2012. Retrieved 2012-03-08.

External links

Coordinates: 37°59′04″N 87°29′44″W / 37.98438°N 87.49564°W / 37.98438; -87.49564

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