Steeplegate Mall
|
A sign showing the mall's previous logo as seen from Loudon Road. | |
| Location | Concord, New Hampshire, United States |
|---|---|
| Address | 270 Loudon Road |
| Opening date | 1990 |
| Developer | Homart Development Company |
| Management | Colliers Properties |
| No. of stores and services | 80 |
| No. of anchor tenants | 4 |
| Total retail floor area | 480,000 square feet (45,000 m2) |
| No. of floors | 1 |
| Website | Official website |
Steeplegate Mall is an enclosed shopping mall in Concord, New Hampshire, United States. Opened in 1990, it is anchored by two locations of The Bon-Ton, along with J. C. Penney and Sears. It was managed by Rouse Properties, a division of General Growth Properties. It has struggled with high vacancy rates throughout its existence.[1]
History
The mall opened August 1, 1990 with Sears, J. C. Penney, Sage-Allen and Steinbach as its anchors. It was built by Homart Development Company.[2] It also included a food court with a 630-square-foot mosaic.[3]
Sage-Allen became The Bon-Ton in 1999,[4] with a second Bon-Ton and Circuit City splitting the former Steinbach. Circuit City has since closed.
In 2011, Gap and Coach, Inc. closed at the mall,[5] while The Children's Place opened.[6] That same year, General Growth Properties, the successor company to Homart, transferred ownership to the mall along with 29 other underperforming malls to its Rouse Properties subsidiary.[7]
In August 2014, Rouse Properties announced that it had defaulted on its loan for Steeplegate Mall and was in the process of turning over the property to its lenders.[8] By April 2015 the property was owned by a consortium of lenders including Wells Fargo Bank and Midland Loan Servicing. The mall is currently managed by Colliers International.[9]
In January 2015, Old Navy, one of four main anchors at the mall, closed its doors.[10]
References
- ↑ Townsend, Matt (November 21, 2014). "A Dying Mall in Concord, New Hampshire". Bloomberg.
- ↑ http://www.highbeam.com/doc/1P2-8181890.html
- ↑ http://www.highbeam.com/doc/1P2-8185904.html
- ↑ http://retailtrafficmag.com/mag/retail_new_england_region/
- ↑ http://www.highbeam.com/doc/1G1-252005583.html
- ↑ http://nl.newsbank.com/nl-search/we/Archives?p_product=CMOB&p_theme=cmob&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=1378ED562D41D890&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM
- ↑ Doyle, Megan (August 20, 2014). "Hopeful for a new owner, local businesses stick to Steeplegate Mall". Concord Monitor.
- ↑ Doyle, Megan (August 4, 2014). "Owner defaults on loan for Steeplegate Mall". Concord Monitor.
- ↑ Steeplegate Mall transfer is now official Megan Doyle, Concord Monitor, April 7, 2015
- ↑ Palermo, Sarah (January 9, 2015). "Old Navy at the Steeplegate Mall closing at the end of January". Concord Monitor.
External links
Coordinates: 43°13′21″N 71°29′12″W / 43.22258°N 71.48670°W