Tallahassee Mall

Tallahassee Mall

Looking from Belk towards AMC.
Location Tallahassee, Florida, United States
Opening date 1971
Management LNR Partners Inc
No. of stores and services 93
No. of anchor tenants 3
Total retail floor area 747,000 square feet (69,400 m2)
Parking 10,230
No. of floors 1 (2 in AMC Theatres/Belk wing)
Website Tallahassee Mall

Tallahassee Mall is a regional shopping mall located at the intersection of North Monroe Street and John Knox Road in Tallahassee, Florida. It is the older of two enclosed malls in the Tallahassee area, the other being Governor's Square.

The mall's anchor stores include AMC Theatres, Belk, and Burlington Coat Factory. In addition, Tallahassee Mall features several big box stores, including Barnes & Noble, Guitar Center, Ross Dress For Less, Shoe Carnival, and The Sports Authority.

History

Tallahassee Mall opened in 1971 with three anchor stores: Woolco, Gayfers and Montgomery Ward; other major tenants included McCrory Stores and Walgreens.[1] Woolco was closed in 1983 and subsequently replaced with Zayre. Seven years later, this anchor became Ames when the Zayre chain was acquired.[2]

A new wing was added behind Montgomery Ward in 1992. This new wing ended in a fourth anchor store, Parisian.[3] As a result of this wing opening, the Montgomery Ward store was bisected by a new mall concourse to connect the new wing to the existing mall. Despite the opening of Service Merchandise and the first Tallahassee-area Goody's Family Clothing store in the former Ames in 1995,[4] mall occupancy had decreased to forty-five percent by June of that year.[3]

A twenty-screen movie theater owned by AMC Theaters was added to the Parisian wing in 1996.[5] Gayfers was acquired by Dillard's in 1998, followed by the closure of two more anchors: Service Merchandise in 1999 and Montgomery Ward in 2000. Jones Lang LaSalle acquired the mall and then began renovations on it. The former was split between Ross Dress for Less and Shoe Carnival,[3] while the latter became Burlington Coat Factory and other stores. Several new big box stores were added, including Oshman's (now The Sports Authority), Barnes & Noble and Guitar Center.

Feldman Mall Properties acquired the mall from Jones Lang LaSalle in 2005.[6] Belk acquired the Parisian chain in 2007 and re-branded the Tallahassee Mall store as Belk, while Dillard's announced its closure in early 2008.[7] Goody's closed in 2008 as well, and the mall was reacquired by Jones Lang LaSalle.

The mall was foreclosed on in January 2011.[8] Later in the same month, a real estate company based in Miami bought its ground lease for $100. The mall is not expected to close.[9]

References

  1. ^ "Florida". Chain Store Age (Lehbar-Friedman). 1971. http://books.google.com/books?id=MdQSAQAAMAAJ&q=%22Tallahassee+mall%22+%22Mccrory%22&dq=%22Tallahassee+mall%22+%22Mccrory%22&hl=en&ei=BhAZTqbKNcPz0gGTs-GWBQ&sa=X&oi=book_result&ct=result&resnum=3&ved=0CDgQ6AEwAg. 
  2. ^ "Feldmans Days are numbered with the Tallahassee Mall". Urban Tallahassee. 4 December 2008. http://urbantallahassee.com/v4/index.php?option=com_content&view=article&id=415:feldmans-days-are-numbered-with-the-tallahassee-mall&catid=27:special-reports&Itemid=182. Retrieved 10 July 2011. 
  3. ^ a b c "Tallahassee Mall - Jones Lang LaSalle Retail". Jones Lang LaSalle. http://www.am.joneslanglasalle.com/retail/retail_studies_tallahassee.asp. Retrieved 2007-12-05. 
  4. ^ Schneyer, Fred A. (1995-01-11). "OUTLOOK '95: Tallahassee, Fla., Retailers Ring Up Healthy Sales.". Tallahassee Democrat. http://www.highbeam.com/doc/1G1-16115245.html. Retrieved 2007-12-05. 
  5. ^ "Compass Retail, Inc. Managed Properties". The Partnership.com. http://www.thepartnership.com/dapws/compass/properties/tallahassee.htm. Retrieved 2007-12-05. 
  6. ^ "Feldman Mall Properties Purchases Major Lease at Tallahassee Mall". Business Wire. 2005-12-28. http://findarticles.com/p/articles/mi_m0EIN/is_2005_Dec_27/ai_n15970070. Retrieved 2007-12-05. 
  7. ^ "Dillard's to Close Another Store, But Says Openings Outpace Closings". http://www.arkansasbusiness.com/article.aspx?aID=99391.88496.111532. Retrieved 2007-12-05. 
  8. ^ "Tallahassee Mall for Sale". WCTV. 6 January 2011. http://www.wctv.tv/news/headlines/UPDATE_Tallahassee_Mall_For_Sale.html?ref=924. Retrieved 29 January 2011. 
  9. ^ Portman, Jennifer (26 January 2011). "Tallahassee Mall lease bought by Miami-based company". Tallahassee Democrat. http://www.tallahassee.com/article/20110126/BREAKINGNEWS/110126003/Tallahassee-Mall-lease-bought-by--Miami-based-company. Retrieved 29 January 2011. 

External links