Granite Run Mall
| Location | Media, Pennsylvania |
|---|---|
| Coordinates | 39°54′59″N 75°25′58″W / 39.916433°N 75.432720°WCoordinates: 39°54′59″N 75°25′58″W / 39.916433°N 75.432720°W |
| Opening date | 1974[1] |
| Developer | The Goodman Company |
| Management | Madison Marquette |
| Total retail floor area | 1,033,000 square feet (96,000 m2)[1] |
| Parking | Lighted lot |
| No. of floors | 2 |
| Website | www.shopgraniterunmall.com |
The Granite Run Mall is a double-level shopping mall located on U.S. Route 1 in Media, Pennsylvania, a western suburb of Philadelphia. It opened in 1974 and was remodeled in 1984 and 1994.
Contents |
[edit] History
The Granite Run Mall opened in 1974.[1] In 1986, the Gimbels store was converted to Sterns after Allied Stores purchased seven Gimbels locations in the Philadelphia area.[2] In 1989, Stern's closed; it was replaced with Boscov's in 1993.[3] In 1998, Simon Property Group and Macerich purchased the mall, with Simon responsible for managing the mall. In recent times, the Granite Run Mall has seen an increase in vacancies and interest was shown in selling the mall. In February 2011, Simon and Macerich were over 30 days delinquent on the mall's $115 million mortgage, leading to the possibility of a sale or forfeiture of the mall.[4] On April 1, 2011, Madison Marquette acquired the Granite Run Mall from Simon Property Group.[5] Following the acquisition, Madison Marquette announced plans to improve lighting, the parking lots, and sidewalks as well as to fill vacancies.[6]
[edit] Anchors
- Boscov's (174,717 sq ft.) (Former Gimbels and Stern's)
- JCPenney (150,792 sq ft.)
- Sears (175,320 sq ft.)
[edit] References
- ^ a b c "Granite Run Mall Fact Sheet". Simon Property Group. http://www.simon.com/Mall/LeasingSheet/4776_GraniteRunMall_PropFactSheet.pdf. Retrieved 2010-10-14.
- ^ Bivens, Terry (June 18, 1986). "Gimbels To Sell 7 Area Stores Deal Concluded With N.y. Firm". The Philadelphia Inquirer. http://articles.philly.com/1986-06-18/news/26046785_1_gimbels-batus-outlets. Retrieved November 30, 2011.
- ^ "Boscov's opens store at Granite Run Mall". Reading Eagle. August 16, 1993. http://news.google.com/newspapers?id=4fghAAAAIBAJ&sjid=taIFAAAAIBAJ&pg=3873,324911&dq=granite+run+mall+opening&hl=en. Retrieved April 17, 2011.
- ^ Logue, Timothy (February 18, 2011). "Granite Run Mall running on empty?". Delaware County Daily Times. http://www.delcotimes.com/articles/2011/02/18/business/doc4d5dfd9e2d38a840803002.txt. Retrieved April 4, 2011.
- ^ "MADISON MARQUETTE ASSUMES OPERATING CONTROL OF GRANITE RUN MALL". Madison Marquette. April 1, 2011. http://www.madisonmarquette.com/about_us/news/url:madison_marquette_assumes_operating_control_of_granite_run_mall. Retrieved April 3, 2011.
- ^ Carey, Kathleen E. (April 3, 2011). "New management plans changes at Granite Run Mall". Delaware County Daily Times. http://delcotimes.com/articles/2011/04/03/news/doc4d980a094008e054675448.txt. Retrieved April 4, 2011.
