Cheltenham Square Mall

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Cheltenham Mall
CheltTwp 21.JPG
Cheltenham Mall, looking Northeast
Location Cheltenham Township, Pennsylvania, U.S.
Coordinates 40°04′21″N 75°09′15″W / 40.072398°N 75.154059°W / 40.072398; -75.154059Coordinates: 40°04′21″N 75°09′15″W / 40.072398°N 75.154059°W / 40.072398; -75.154059
Opening date 1959[1]
Owner Sun Equity Partners
No. of stores and services 85[2]
No. of anchor tenants 4
Total retail floor area 634,052 square feet (58,905.4 m2)[3]
No. of floors 1
Parking Lighted lot
Public transit access SEPTA bus: 16, 22, XH
Website http://www.cheltenhamsquare.com/Home.aspx

Cheltenham Mall, or Cheltenham Square Mall, is an enclosed shopping mall along Cheltenham Avenue between Ogontz Avenue (PA 309) and Washington Lane on the border of Philadelphia and Cheltenham Township, Pennsylvania. This mall opened in 1959.[1] Cheltenham Square Mall was enclosed in 1981.[4] It is generally marketed towards the African American shopper and draws most of its customers from Northwest Philadelphia. The United Artists theater in the mall, which replaced an earlier AMC Theater in 1988, closed in 2008. Later it was demolished and replaced with a newly constructed Target store.

The mall was taken over by New York City based Thor Equities when Simon Property Group sold the mall in 2005 for $71.5 million.[4][5] In summer 2014, the mall was foreclosed and put up for sale. Sun Equity Partners purchased the mall for $30 million in January 2015.[5]

Current anchors[edit]

References[edit]

  1. ^ a b "A ROAD WELL TRAVELED CHELTENHAM AVENUE'S TWO VINTAGE SHOPPING CENTERS SHAKE OFF THE DUST AND REINVENT THEMSELVES". Philadelphia Daily News. February 13, 1995. Retrieved May 4, 2011. 
  2. ^ http://www.cheltenhamsquare.com/MallInfo.aspx
  3. ^ "Cheltenham Square Mall Portfolio". Thor Equities. Retrieved August 3, 2012. 
  4. ^ a b Holcomb, Henry J. (November 23, 2005). "Cheltenham Square Mall acquired". The Philadelphia Inquirer. Retrieved February 5, 2014. 
  5. ^ a b Kostelini, Natalie (January 27, 2015). "Cheltenham Square Mall sells for $30M". Philadelphia Business Journal. Retrieved February 15, 2015. 

External links[edit]