Madison Square Mall opened on August 1, 1984 with anchors JCPenney, Parisian,Castner Knott, Pizitz, and a Sears which had relocated from Heart of Huntsville Mall. Junior anchors included Yielding and Blach's. Over time, some of the anchors have had changes. Blach's was closed by 1987 and its space is now filled by The Limited and Victoria's Secret. Pizitz was acquired by Jackson, Mississippi-based McRae's in 1988 and was renamed as such until McRae's was bought out by Charlotte, North Carolina-based Belk Inc. Castner Knott was acquired in 1998 by Dillard's, and Yielding closed their Madison Square Mall location in about 1993. For the next 10 years the space was used by Castner Knott/Dillard's as space for their menswear. Until 2008, Steve & Barry's used the space. In 2007, when Belk purchased Parisian, Belk moved its store from the former McRae's parcel to the much larger former Parisian parcel and renovated it to fit the Belk model. The former McRae's remains vacant.