Southlake Mall (Atlanta)

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Southlake Mall
Southlake Mall, Morrow, October 2016.jpg
LocationMorrow, Georgia, USA
Coordinates33°34′31″N 84°21′07″W / 33.57528°N 84.35194°W / 33.57528; -84.35194Coordinates: 33°34′31″N 84°21′07″W / 33.57528°N 84.35194°W / 33.57528; -84.35194
Opening date1976
No. of stores and services120
No. of anchor tenants3 (2 open, 1 vacant)
Total retail floor area1,010,000 sq ft (94,000 m2)
No. of floors2
Parking5,500
Websitesouthlakemall.com

Southlake Mall is a shopping mall located in Morrow, Georgia, in Metropolitan Atlanta and 11 miles (18 km) south from Hartsfield-Jackson International Airport. The mall is in Clayton County and its trade area includes Henry County, one of the fastest-growing areas in Georgia. The mall is located along Interstate 75 and State Highway 54, also known as Jonesboro Road.

History[edit]

Southlake Mall opened in 1976 to serve the needs of the growing southside of Atlanta. When Southlake opened, its anchors were Rich's, Davison's, Sears, and JCPenney.

The first major change was in 1986 - when the Davison's nameplate was changed to its parent company, Macy's. This lasted until 2003 - when Macy's closed all the older Davison's stores in Atlanta and consolidated to Rich's-Macy's. This would last until 2005 - when it would be converted back to Macy's. JCPenney closed its store on June 1, 2011.

The only major renovation to the center was in 1999. The updates included a relocation of the food court to the lower level and the addition of a carousel. The escalators were moved to either end of the mall rather than only one near the center. The fountain was removed from the downstairs area in front of Sears and Radio Shack to accommodate one of the escalators.

On February 5, 2013, the mall fell into foreclosure - after several years of decline. Anchor spaces were not included in the foreclosure.[1]

General Growth Properties, then the mall's owner, which had just emerged itself in 2010 from bankruptcy, released its interests in the mall - citing its new focus to concentrate on stronger performing properties. The mall's mortgage was supervised for a short time in 2012 by C-III Asset Management before being sold to B Properties - a subsidiary of Bayer Properties that specializes in rehabilitating struggling malls.[2]

On May 31, 2018, Sears announced that it would be closing its location at Southlake Mall in September 2018 as part of a plan to close 72 stores nationwide - leaving Macy's as the only anchor left.[3][4]

The mall was sold to a joint venture between two New York real estate companies, CityView Commercial LLC and Jacobs Real Estate Advisors in January, 2019. The seller was Vintage Capital Group of Los Angeles.[5]

References[edit]

  1. ^ Trubey, Scott (7 February 2013). "Clayton's Southlake Mall foreclosed". The Atlanta Journal-Constitution. Retrieved 2 July 2013.
  2. ^ Kass, Arielle (12 September 2012). "Mall woes: Gwinnett Place changes hands, Southlake troubled". The Atlanta Journal-Constitution. Retrieved 2 July 2013.
  3. ^ Coyne, Amanda; Becca Godwin (31 May 2018). "Sears closing 3 'non-profitable' metro Atlanta stores". The Atlanta Journal-Constitution.
  4. ^ Smith, Aaron (31 May 2018). "Here are the 63 Sears and Kmart locations closing". CNN Business.
  5. ^ Trubey, J. Scott (6 February 2019). "Southlake Mall in Clayton County sold to New York owners". AJC.com. Retrieved 6 February 2019.