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lycoming mall sold

[4][5][6] Macy's closed in March 2017, and owned its anchor store. The former Macy's was sold for over $500,000 to MC Storage Lycoming LLC, and it will be changed into storage. [25][26][27][28] Sears was announced to close in January 2018. PREIT may also be entitled to $3.5 million of additional consideration for these malls if certain conditions are met in future years. MUNCY TOWNSHIP, Pa. — The Lycoming Mall could be auctioned to the highest bidder in a sheriff’s sale next month. Lycoming Mall initially was going to reopen on May 8 when Lycoming County was moved into the yellow reopening phase. It is named after Israel Hadany, who designed it in 1977. [29] Lycoming Mall's owners are appealing its tax assessment of $44.89 million. "Back and forth again, we recognize it's challenging for malls to be economically viable right now.". [19][20] Pennsylvania Real Estate Investment Trust put Lycoming Mall up for sale in January 2015. [34][35][36] Lycoming Mall faced sheriff's sale in February 2019 due to unpaid bills from the Lycoming County Water and Sewer Authority. "It's in our interest to see the mall succeed and to flourish. [37] The auction did not occur due to a partial payment by Kohan. 2008 Class A tilt-up construction. Gas-fired suspended heaters. A three mall package being sold for $66 million, inclusive of $17 million in seller financing. Since that time, PREIT has sold interests in 16 properties for more than $420 million, including the Nittany Mall near State College. After being on the market for more than a year, the Lycoming Mall has been sold. In addition to 1203 Lycoming Mall Circle, the team also sold 490 South Lycoming Drive, a 190,800 square foot Class A distribution center, to Patton Warehousing earlier this year. PROPERTY FEATURES. Mike Kohan, of Kohan Retail Investment Group, confirmed Tuesday his purchase of the mall near Pennsdale for $26.35 million. "We will pay it in full in the upcoming month.". Bon-Ton closed due to the chains liquidation. [33] The mall lost power in late August 2018 due to owner not paying its PPL electric bill, but reopened the next day. PREIT sold Lycoming Mall to Kohan for $26.35 million in March 2016, who owns it under the name Lycoming Mall Realty Holding. Lycoming Mall's owners are appealing its tax assessment of $44.89 million. MUNCY TOWNSHIP -- The Lycoming Mall has been sold for about $26 million. PREIT sold Lycoming Mall to Kohan for $26.35 million in March 2016, who owns it under the name Lycoming Mall Realty Holding. T-5 high bay florescent with motion sensor . The former Macy's was sold for over $500,000 to MC Storage Lycoming LLC, and it will be changed into storage. If the mall continues to work with the authority, Weigle says the sheriff's sale will be canceled. However, Governor Tom Wolf’s office clarified the day prior that malls are considered indoor recreation and were not permitted to reopen until their counties were moved into the green phase. This month, the water and sewer authority took out a sheriff's sale against the owner of the Lycoming Mall where the mall could be sold to the highest bidder. "There is still a significant amount owed. ESFR sprinklers. The current Trulia Estimate for 4773 Lycoming Mall Dr is $205,379. Since that time, PREIT has sold interests in 16 properties for more than $420 million, including the Nittany Mall near State College. The team has been exclusively marketing the two buildings on behalf of the seller, S. Balolia Holdings, LLC. Washington Square Mall was purchased in April 2016 for $2.5 million. Sales & Events Upcoming Events. Fewer travelers this Thanksgiving amid pandemic, Monroe County Meals on Wheels gears up for annual gift drive, Last lunar eclipse of 2020 to unfold before daybreak on Monday, (11-0) Southern Columbia vs (10-0) Wilmington Area In Saturday's "2A" State Championship Football Game, Traditional Turkey Bowl contested in Wilkes-Barre, Trump says he'll leave White House if Electoral College seats Biden, promises Georgia rally. In August, the power at the mall was turned off. Notifications can be turned off anytime in the browser settings. [1][8][12], Plans for Lycoming Mall were announced in 1975, with 674,000 sq. Lycoming Mall in Pennsdale, Pa., is anchored by JC Penney, Sears, Bon-Ton and Macy’s. Welcome to Lycoming Mall. The mall lost power in late August 2018 due to owner not paying its PPL electric bill, but reopened the next day. Ft. farms/ranches built in 1953 that sold on 11/26/2019. PPL said it was not an equipment problem but would not comment any further. [7] Plans included a $4.7 million expansion in 1985 that added 115,800 sq. The Orchards Mall, purchased in 2014, was sold to Durga LLC in late 2018. "This has been going on for almost a whole year," said Christine Weigle, executive director of LCWSA. At this point, tenants should not worry about water being turned off. While the mall claimed there was an issue with a main power line, tenants told Newswatch 16 the owner of the mall did not pay the electric bill. Other stores include Books-A-Million, Dick's Sporting Goods, and Old Navy. This month, the water and sewer authority took out a sheriff's sale against the owner of the Lycoming Mall where the mall could be sold to the highest bidder. View 7 photos for 1348 Lycoming Mall Rd, Pennsdale, PA 17756 a 3 bed, 3 bath, 2,984 Sq. ft. of space and Gee Bee, Hess's, and Sears as anchors. Thank you and we look forward to seeing you here at Lycoming Mall! As long as payments keep coming in, employees over at the water sewer authority tell us they will be happy to cancel the scheduled sheriff's sale before next month. Browse Dining Options. Store owners warned power could be shut off next week for nonpayment of electric bills", "No tax payments, no lights, no stores and no plan to make it better: Berkshire Mall owner Mike Kohan has frustrated towns all over the country", "150 Tons And Rusty - Just Your Basic Art", https://en.wikipedia.org/w/index.php?title=Lycoming_Mall&oldid=984872278, Buildings and structures in Lycoming County, Pennsylvania, Tourist attractions in Lycoming County, Pennsylvania, Creative Commons Attribution-ShareAlike License, This page was last edited on 22 October 2020, at 16:25. Lycoming Mall is a shopping mall located twelve miles east of Williamsport, Pennsylvania off Route 220 and I-180. The arch was purchased by board members from Hess's and Crown American, with its dedication being in November 1978. 7” reinforced concrete floors – 3,000 PSI. Other stores include Books-A-Million, Dick's Sporting Goods, and Old Navy. On Monday, the water-sewer authority received a partial payment for the unpaid bills. Chapel Hill Mall was purchased in July 2016 by Kohan for $8.6 million. Contact Us (570) 546-6879 300 Lycoming Mall Circle Pennsdale, PA 17756. MUNCY TOWNSHIP — The Lycoming Mall has been sold for about $26 million. The owner of the Lycoming Mall has paid a portion of that outstanding sewer bill. 40’ x 40’ column spacing. [16][17] Books-A-Million opened in November 2011, replacing a closed Borders. MUNCY TOWNSHIP, Pa. -- The Lycoming Mall could be auctioned to the highest bidder in a sheriff's sale next month. Bon-Ton closed due to the chains liquidation. Staunton Mall was sold for $4.5 million in March 2014. It is anchored by Burlington Coat Factory. [22][23][24] J. C. Penney closed at the mall on July 31, 2017. According to the Lycoming County Water and Sewer Authority, the mall owes thousands in unpaid water and sewer bills. The new owners are already looking to make some changes. After being on the market for more than a year, the Lycoming Mall has been sold. [38][39], The mall is noted for the 90-foot-high, 55-foot-wide, 140 ton steel sculpture known as the Hadany Arch. Hours Mon - Sat: 11am to 7pm Sunday: noon to 5pm ‍ Department store, restaurant, and holiday hours may vary. [18] The Gap and RadioShack closed in February 2015, with a Gap Factory store opening in the Lycoming Crossing Shopping Center, near Lycoming Mall. 36’ clear ceiling heights. 4773 Lycoming Mall Dr was last sold on Feb 14, 2020 for $132,000. The new owners are already looking to make some changes. [21], The mall was sold to Kohan Retail Investment Group for $26.35 million on March 22, 2016, who owns it under the name Lycoming Mall Realty Holding. The last course of action would be a sheriff's sale.". In the past, she's helped set up a payment plan with the owner of the Lycoming Mall, but the executive director of Lycoming County Water Sewer Authority Christine Weigle says the Lycoming Mall still owes thousands of dollars in unpaid bills.

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