Lakeforest Mall

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Coordinates: 39°09′13″N 77°12′15″W / 39.153524°N 77.204221°W / 39.153524; -77.204221

Lakeforest Mall
Logo of Lakeforest Mall.png
Location Gaithersburg, Maryland, U.S.
Opening date 1978[1]
Developer Taubman Centers
Management Urban Retail Properties
Owner Five Mile Capital Partners
No. of stores and services 160
No. of anchor tenants 4
Total retail floor area 1,045,000 sq ft (97,100 m2)[1]
No. of floors 2 of retail
Website www.ShopLakeforest.com

Lakeforest Mall, also known as Lakeforest, is an enclosed shopping center located in Gaithersburg, Maryland. It is owned by Five Mile Capital Partners and managed by Urban Retail Properties. Its two levels house over 160 stores, a food court, and a large children's play area.[1]

History[edit]

Lakeforest Mall first opened September 12, 1978. At that time, the mall's anchor stores were J.C. Penney, Sears, Woodward & Lothrup, and The Hecht Co. The mall was one of the first in the United States to feature an indoor ice skating rink on the lower level, in the "H section". The rink has since been superseded first by a multi-theater movie complex, then by a food court, which now occupies the place.[2]

Originally developed, owned and operated by the Taubman Companies (also later opening Fair Oaks Mall in Fairfax, VA) The Simon Property Group owned and managed the mall from 2007, when it purchased former owner and manager Mills Corporation, until 2012, when the company defaulted on its mortgage in 2011 and it was put up for sale after.[3][1][4]

In 2013, Five Mile Capital Partners hired real estate developer Hines to "map out a long-term plan for Lakeforest".[5]

See also[edit]

References[edit]

  1. ^ a b c d "Lakeforest Mall Fact Sheet". Simon Property Group. Retrieved November 1, 2011. 
  2. ^ http://www.gaithersburghistory.com/photos11.html
  3. ^ Cohen, Greg (September 4, 2012). "Report: Lakeforest Mall sold for nearly 100M". North Potomac Patch. Patch. Retrieved December 17, 2013. 
  4. ^ http://www.wjla.com/articles/2012/02/lakeforest-mall-may-be-sold-73149.html
  5. ^ Cooper, Rebecca (October 7, 2013). "Hines joins effort to redevelop Lakeforest Mall". Washington Business Journal. Top Shelf. American City Business Journals. Retrieved March 18, 2014. 

External links[edit]