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Retrieved November 28, 2022.Earlier this month, QIAGEN N.V. "Montgomery Mall retailers, shoppers await word on future under new Kohan ownership". ^ McGinnis, James (November 24, 2022)."Former Wegmans Site at Montgomery Mall Sells for $22.6M". ^ Sharrow, Ryan Kostelini, Natalie (September 2, 2022)."Montgomery Mall Foreclosed Upon, $118M Judgment Issued". coronavirus update: Montco cases on the decline, vaccine clinic locations shuffle".
#SYNERGY WELLNESS MONTGOMERY MALL FULL#
Here's the full list of the ones closing". "Sears is closing 96 more stores, leaving only 182 stores left in the US. ^ Montgomery Mall North Wales, Pennsylvania, Outlet Stores Malls."Montgomery Mall's Wegmans store opens big". ^ a b Connor, Jennifer (November 3, 2013)."Wegmans' Montgomeryville store the chain's first at a mall".
^ a b DeBree, Crissa Shoemaker (November 17, 2011)."Simon Property to welcome Wegmans at Phila.-area mall". ^ a b Van Allen, Peter (November 16, 2011).^ a b Di Domizio, Tony (November 30, 2008)."Wegmans signs lease at Montgomery Mall". ^ a b c Panaritis, Maria (November 17, 2011)."Montgomery Mall sells for $55M in a foreclosure sale". ^ a b Kostelini, Natalie (November 20, 2021)."Kravco And 6 Of Its Malls Sold To A Canadian Developer". Kohan Retail Investment Group has released no plans regarding the future of the mall. In recent years, the Montgomery Mall has seen a decrease in foot traffic and an increase in the vacancy rate. In 2022, Kohan Retail Investment Group sold the Wegmans site at the mall to ExchangeRight for $22.6 million. In order to satisfy the loan, the mall was sold to Kohan Retail Investment Group on Novemfor $55 million. The mall was placed into receivership by June 22, with JLL taking over management of the mall, and a $118.78 million judgment was issued against Simon Property Group affiliate Mall at Montgomery, LP by July 12. In June 2021, the Montgomery Mall was foreclosed upon by Wilmington Trust, trustee for Wells Fargo Commercial Mortgage. On May 3, 2021, during the COVID-19 pandemic, Montgomery County opened a COVID-19 vaccination site in the former Sears space. Liquidation sales began on December 2, 2019. On November 7, 2019, it was announced that the Sears store at Montgomery Mall would close as part of a plan to close 96 stores nationwide.
#SYNERGY WELLNESS MONTGOMERY MALL UPGRADE#
This renovation had a cost of $8 million and the main purpose was to redesign exterior and entrance, restrooms and upgrade lighting. The Montgomery Mall has recently gone under reconstruction. The Wegmans store opened on November 3, 2013. The former Boscov's store was demolished in the process of constructing the new Wegmans. This store was planned to be the first Wegmans located in a shopping mall. In November 2011, it was announced that a 126,000 sq ft (11,700 m 2) Wegmans would replace the vacant Boscov's. Dick's Sporting Goods was also added in 2008. The Boscov's store closed in October 2008 as part of their restructuring. Strawbridge's closed in 2006 as a result of Federated Department Stores acquiring May Department Stores, with Boscov's taking over the former store in 2007. Simon Property Group acquired the Montgomery Mall in 2003. Hecht's became Strawbridge's in 1997 after its parent company, May Department Stores, acquired the Strawbridge's chain. In 1995, the Wanamaker's store became Hecht's. The Montgomery Mall was built in 1977 by The Kravco Company. It contains over 90 stores and eateries and is anchored by Dick's Sporting Goods, JCPenney, Macy's, and Wegmans. Route 202 Business (Dekalb Pike), amidst other commercial development. The mall, owned by Kohan Retail Investment Group, is located along Pennsylvania Route 309 ( Bethlehem Pike) at the intersection with U.S.
Montgomery Mall is a two-story shopping mall located in the community of Montgomeryville in Montgomery Township, Pennsylvania near the borough of North Wales.
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