North Hanover Mall
| Location | 1155 Carlisle St., Hanover, PA 17331 |
|---|---|
| Coordinates | 39.821426, -76.993921 |
| Opening date | 1967 |
| Developer | Crown American |
| Management | Mason Asset Management |
| Owner | Mason Asset Management |
| No. of stores and services | 50 |
| No. of anchor tenants | 4 |
| Total retail floor area | 452,000 square feet |
| No. of floors | 1 (2 in J.C. Penney) |
North Hanover Mall is a shopping mall in Hanover, Pennsylvania. It is anchored by J.C. Penney, Dick's Sporting Goods, Sears and a new Burlington Coat Factory.
History
The mall opened in 1967 as an open-air strip including W.T. Grant, Town & Country, Sears, and Food Fair. In 1969 and 1970, it underwent reconstruction to become an enclosed shopping mall, with The Bon-Ton moving from an existing store downtown[1] and J.C. Penney joining. The Town & Country store became Kmart, which moved out in 1996 and became Black Rose Antiques.[2] The Bon-Ton moved out in 2006.[3] After Black Rose Antiques moved out of the mall, construction began in 2007 to demolish the former Black Rose building for a Dick's Sporting Goods, while also demolishing the former Bon-Ton for a two-story Boscov's.[4] Although Boscov's was originally to open in 2008, its opening date was later pushed back to 2009,[5] but in April of that year, the mall's manager confirmed that Boscov's would not be opening in that space.[6] In 2012, J.C. Penney moved into the space originally planned for Boscov's.[7]
Pennsylvania Real Estate Investment Trust announced on Sept. 9 that it sold the North Hanover Mall, as well as State College's Nittany Mall, for a combined $32.3 million. The name of the buyer was not immediately available, and a trust spokesperson was not available for comment. Pennsylvania Real Estate Investment Trust owns and manages malls in 12 states in the eastern United States. It sold the North Hanover Mall as part of a portfolio-improvement initiative it launched in 2012, which involved selling underperforming properties. The 452,000-square-foot North Hanover Mall had sales of $275 per square foot at the end of June and a non-anchor occupancy of 72.8 percent, according to the trust. Sales and occupancy at the mall lagged the trust's portfolio, which had averaged sales of $378 per square foot and non-anchor occupancy of 89.5 percent for the same time period.[8]
The buyer of the mall was Mason Asset Management of Great Neck, NY. [9]
References
- ↑ "Bon Ton Will Move To Mall" (Free). The Gettysburg Time (64). Column 7, Paragraph 2. 9 April 1968. p. 3. Retrieved 23 October 2014.
- ↑ Deinlein, Joseph (13 December 2009). "Black Rose concept expands". The Evening Sun. Archived from the original on 1 January 2010. Retrieved 23 October 2014.
- ↑ http://nl.newsbank.com/nl-search/we/Archives?p_product=HESB&p_theme=hesb&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=10CCC3B986A562B0&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM
- ↑ https://news.google.com/newspapers?id=VMwlAAAAIBAJ&sjid=lvQFAAAAIBAJ&pg=5811,130449&dq=north-hanover-mall+boscov%27s&hl=en
- ↑ http://nl.newsbank.com/nl-search/we/Archives?p_product=YK&p_theme=yk&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=11ED49E9510ECA70&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM
- ↑ http://nl.newsbank.com/nl-search/we/Archives?p_product=HESB&p_theme=hesb&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=127EB828F9628D40&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM
- ↑ "JC Penney Relocating, Expanding at North Hanover Mall". Philadelphia Citybizlist. 2012-01-31. Retrieved 2013-01-26.
- ↑ September 9, 2014 (2014-09-19). "North Hanover Mall sold". The Hanover Evening Sun. Retrieved 2014-09-19.
- ↑ http://www.crenews.com/general_news/general/north-hanover-mall-in-pennsylvania-sold-for-$16mln.html
Coordinates: 39°49′15″N 76°59′37″W / 39.82093°N 76.99356°W