Arborland Center
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| Arborland Center | |
| Facts and statistics | |
|---|---|
| Location | Ann Arbor, Michigan, United States |
| Opening date | 1961, redeveloped approximately 1999 |
| Management | AmCap Incorporated |
| No. of stores and services | 26 |
| No. of anchor tenants | 6 (original) 6 (current) |
| Total retail floor area | 406,736 sq. ft. |
| No. of floors | 1 |
Arborland Center is a shopping mall located in Ann Arbor, Michigan, United States. Opened in 1961 as an enclosed shopping mall, the center was 'De-Malled' around 1998 and redeveloped as a power centre[1], retaining the name Arborland Center. Current anchor stores include Marshalls, PetSmart, Circuit City, Bed Bath & Beyond, Borders and Toys-R-Us.
[edit] History
Arborland was Ann Arbor's first suburban mall, opened in the early 1960s was originally a California-style open mall. After the opening of nearby Briarwood Mall in the 1970s, Arborland was enclosed.[2] The original Arborland featured Federal Department Store, and Crowley's, Montgomery Ward among its anchor stores; by the 1990s, Toys "R" Us, Marshalls, Service Merchandise, Burlington Coat Factory, and Linens 'n Things would be added as well.
In the late 1990s Freed and Associates purchased it on the cheap and razed most of the structure, transforming it into a big box cluster. Toys "R" Us and Marshalls also received newly-built stores during the "de-malling" of the center. Freed's purchase price was around $6 million; within a decade, in 2005, Freed was said to be seeking a buyer for over $100 million.[3] Freed did shortly find a buyer for the 409,000 sq.ft. Centre. The facility was purchased by AmCap, through a joint venture with Los Angeles-based Hart Realty Advisers for a reported $102 million.[4]
[edit] References
- ^ "The Company - Timeline", Josephfreed.com. Retrieved on 2008-01-18.
- ^ GARDNER, PAULA. "Owners list Arborland mall for sale", Ann Arbor Business Review, mlive.com. Retrieved on 2008-01-17.
- ^ GARDNER, PAULA. "Owners list Arborland mall for sale", Ann Arbor Business Review, mlive.com. Retrieved on 2008-01-17.
- ^ "News From October 14, 2005", Real Estate Business, REBusiness, 2005-10-14. Retrieved on 2008-01-17.
[edit] External links
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