Cafaro Company
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| Company type | Private |
|---|---|
| Industry | Retail |
| Founded | 1949 |
| Founder | William M. Cafaro |
| Headquarters | , |
Area served | USA |
| Services | Shopping center management |
| Website | www.cafarocompany.com |
Cafaro Company is an American company which owns several retail shopping centers throughout the United States. Based in Youngstown, Ohio, it is the largest privately owned shopping center development and management company in the United States.[1]
Cafaro Company began in the 1940s. William M. Cafaro and his brother John began developing grocery stores for Kroger, and later moved on to developing shopping centers. The two brothers managed the non-grocery tenants in the centers they developed. In 1965, they opened their first regional mall property.[1]
In the 1980s, Target Corporation asked Cafaro to develop centers for them in the Pacific Northwest.[1]
The company manages more than 30,000,000 square feet (2,800,000 m2) of commercial real estate throughout the United States.[2] Anthony Cafaro, Sr., retired as president and CEO of the Cafaro Company in December, 2009. His sons Anthony Jr. and William A. now share the title of Co-President. Since 2006, the company has been engaged in an aggressive program of renovation of its existing properties. Millions of dollars have been invested in refurbishing the Cafaro malls, adding features such as contemporary decor, food courts, children's play areas and other popular customer amenities. In addition to physical reconstitution, the company is in the process of re-merchandising several properties.
Enclosed mall properties
IowaKentuckyMichiganOhio
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PennsylvaniaTennesseeVirginiaWashingtonWest Virginia
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Former properties
- Tallahassee, Florida: Tallahassee Mall
- Saginaw, Michigan: Fort Saginaw Mall
- Ashtabula, Ohio: Ashtabula Mall (now Ashtabula Towne Square)
- Lima, Ohio: American Mall
- Marion, Ohio: Southland Mall (now Marion Centre)
- Youngstown, Ohio: McGuffey Mall
- Monaca, Pennsylvania: Beaver Valley Mall
Canceled
- Spokane, Washington: Liberty Lake Mall