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Phillipsburg Mall

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Coordinates: 40°41′06″N 75°09′14″W / 40.685°N 75.154°W / 40.685; -75.154
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Phillipsburg Mall
Exterior view of Phillipsburg Mall, May 2018
Map
LocationLopatcong Township and Pohatcong Township, New Jersey, United States
Coordinates40°41′06″N 75°09′14″W / 40.685°N 75.154°W / 40.685; -75.154
Opening dateSeptember 24, 1989[1]
Closing date2020
DeveloperCrown American[2]
OwnerMason Asset Management, Namdar Realty Group
No. of stores and services7 (As of January 24, 2020)
No. of anchor tenants4 (1 open, 3 vacant) [3]
Total retail floor area578,925 square feet (53,783.9 m2)[1][needs update]
No. of floors1
Websitephillipsburgmall.com
Interior as of March 26, 2019
An interior view of the Phillipsburg Mall as of March 26, 2019.

Phillipsburg Mall is an indoor shopping mall located along U.S. Route 22 in Warren County, New Jersey, United States. Despite its name, the mall is actually located on the border of Lopatcong Township and Pohatcong Township, just east of Phillipsburg. It is located on the eastern edge of the Lehigh Valley, the metropolitan area of Allentown, Pennsylvania. The mall's anchor store is Kohl's. There are 3 vacant anchor stores that were once The Bon-Ton, Sears, and Black Rose Antiques & Collectibles. As most of its anchor and inline stores have closed, the mall is considered to be a dead mall.

History

Crown American first announced Phillipsburg Mall in 1985. The original anchor stores chosen were Bradlees, Sears, and Hess's, then a subsidiary of Crown American.[4] As Bradlees was undergoing store closings at the time, Crown American instead chose to make that anchor space a Kmart.[5] The Mall was originally slated for a 1987 opening, but was delayed due to highway and sewage system issues. Upon opening on September 24, 1989, the mall had Kmart, Hess's (the first and only location in New Jersey), and Sears as it’s anchor stores, as well as 90 smaller stores, with more to come later in the year.[6] Over 7,000 people attended the mall’s grand opening. The Hess’s store even had to skip it’s ribbon cutting ceremony due to the crowd of 2,000-3,000 waiting to shop there. Traffic on U.S Route 22 was backed up to a mile from the mall in both directions on opening day. JCPenney would later open in March of 1990.[7] The Hess's store was sold to The Bon-Ton in 1994.[8] Kmart closed its store at Phillipsburg Mall in 2002 as part of bankruptcy proceedings;[9] one year later, the space was sold to Kohl's.[10] The store would open in April 2004.

PREIT, who acquired the Crown American portfolio in 2003, sold the mall to Mason Asset Management/Namdar Realty Group for $11.5 million in 2013.[11] On January 15, 2014, it was announced that the JCPenney store would be closing as part of a plan to close 33 locations nationwide.[12] In addition to this anchor, many stores left the mall in 2013 and 2014.[13]

As those stores were closing, other new shops began to open. An antique shop called Black Rose Antiques & Collectibles began to occupy the former JCPenney space. The store opened on January 1, 2017.[14][15] Meanwhile, a record store called Spin Me Round Records opened near the former JCPenney space,[16][17] and also around this time, a Gold's Gym opened in the space once occupied by Hot Topic and several restaurants.

On November 2, 2017, Sears Holdings announced that Sears would also be closing as part of a plan to close 63 Sears & Kmart stores nationwide. The store, the only Sears or Kmart in New Jersey to be closing as a part of this plan, as well as the adjacent Auto center, closed on January 28, 2018.[18]

In mid-November, 2017, The Bon-Ton, struggling with around $1.1 billion in debt, announced a plan to close over 40 stores in 2018, including its Phillipsburg Mall location, and on January 31, 2018 confirmed that closing sales would begin February 1 and run for 10–12 weeks until the store is closed in April.[19] The store closed on April 29, 2018.

In August 2018, due to a heavy rain storm, an approximately 200 sq ft (19 m2) portion of roof in the former Sears collapsed.[20] The former Sears was later demolished in August 2019, followed by the former Bon-Ton in October of that year.[3][21] Communication from mall ownership about changes have been virtually non-existent.[3]

Closure

During an interview with Mason Asset Management President Elliot Nassim for The Morning Call newspaper in March 2019, Nassim stated that the property “...is better suited as something other than a mall.” Throughout 2019, many stores in the mall had closed, including H&M, Victoria’s Secret, AT&T, Gold’s Gym, etc. On December 23, 2019, the remaining tenants of Phillipsburg Mall received lease termination letters, telling them they have 30 days to vacate the mall.[22] As of May 21, 2020, there are only five stores left in the mall, which include Kohl’s, Weight Watchers, Verizon Wireless, Phillipsburg Family Dental, and Bath and Body Works.

On January 28, 2020, Black Rose Antiques announced that it would be closing as well, which occurred in March.[23] As of March 2020 Kohl's is the only store left. The full mall is still accessible.

See also

References

  1. ^ a b "Phillipsburg Mall Fact Sheet" (PDF). PREIT. Archived from the original (PDF) on 2011-08-09. Retrieved 2010-10-17.
  2. ^ Stanley, Liz (August 19, 1990). "Phillipsburg Mall waiting for the crowds a year later, mall merchants will give shoppers a little time". The Morning Call. Retrieved 29 October 2019.
  3. ^ a b c Novak, Steve (23 October 2019). "Bon-Ton gone: Another Phillipsburg Mall anchor is torn down (and ownership is silent)". Lehigh Valley Live. Retrieved 29 October 2019.
  4. ^ "Third Store Is Announced For P'burg Mall". The Morning Call. 21 May 1985. Retrieved 3 December 2014.
  5. ^ "Phillipsburg Mall Will Have K Mart Instead Of Bradlees". The Morning Call. 25 February 1989. Retrieved 3 December 2014.
  6. ^ "Phillipsburg Mall Is Instant Hit". The Morning Call. 25 October 1989. Retrieved 3 December 2014.
  7. ^ lehighvalleylive.com, Steve Novak | For (2020-01-06). "The life and death of the Phillipsburg Mall, in photos". lehighvalleylive. Retrieved 2020-01-06.
  8. ^ "CROWN American Realty Trust shareholders approve Hess's lease modifications". PR Newswire. 9 September 1994. Retrieved 3 December 2014.
  9. ^ "In the red, everything's a blue light special". The Morning Call. 27 May 2002. Retrieved 3 December 2014.
  10. ^ "Crown American Realty Trust Reports First Quarter FFO of $0.32 Per Share, Up From $0.23 Per Share Last Year on Restated Basis". PR Newswire. 14 May 2003. Retrieved 3 December 2014.
  11. ^ Zanki, Tom (January 10, 2013). "Phillipsburg Mall sold to New York firm for $11.5 million". The Express-Times. Retrieved January 29, 2013.
  12. ^ "Here's A List Of The J.C. Penney Stores That Are Closing". The Huffington Post. January 15, 2014. Retrieved January 16, 2014.
  13. ^ "Phillipsburg Mall struggles to fill stores". The Morning Call. 8 February 2014. Retrieved 3 December 2014.
  14. ^ http://blackroseantiques.com/
  15. ^ https://www.facebook.com/BlackRosePhillipsburgMall/
  16. ^ http://www.lehighvalleylive.com/phillipsburg/index.ssf/2015/04/its_a_passion_owner_of_new_phi.html
  17. ^ https://www.facebook.com/SpinMeRoundStore/
  18. ^ Snider, Mike; Jones, Charisse (November 3, 2017). "Another 60-plus Sears, Kmart stores set to close in January 2018; see the list". USA Today. Gannett. Retrieved November 3, 2017.
  19. ^ Salamone, Jon Harris, Anthony. "Bon-Ton closing two Lehigh Valley-area stores". Lehigh Valley Business Cycle. Retrieved 2018-02-01.{{cite news}}: CS1 maint: multiple names: authors list (link)
  20. ^ Novak, Steve (6 August 2018). "Phillipsburg Mall open after roof collapse. But how long will it stay that way?". Lehigh Valley Live. Retrieved 29 October 2019.
  21. ^ Novak, Steve; Bresswein, Kurt (14 August 2019). "Phillipsburg Mall demolishes a vacant anchor. It's not clear if it will be replaced". Lehigh Valley Live. Retrieved 29 October 2019.
  22. ^ Staff (December 23, 2019). "Tenant: All tenants inside Phillipsburg Mall served notices of eviction, have 30 days to find new location". Allentown, PA: WFMZ-TV. Retrieved December 23, 2019.
  23. ^ https://www.lehighvalleylive.com/news/2020/01/some-customers-almost-in-tears-phillipsburg-mall-anchor-store-announces-closing.html?outputType=amp
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