Chambersburg Mall

Chambersburg Mall
Location Chambersburg, Pennsylvania, United States
Address 3055 Black Gap Rd, Chambersburg, PA 17202
Opening date 1982[1]
Developer Crown American
Management Mason Asset Management
No. of stores and services 55
No. of anchor tenants 3
Total retail floor area 454,350 square feet (42,000 m2)[1]
No. of floors 1
Website http://www.shopchambersburgmall.com/

Chambersburg Mall is a regional shopping mall located near Chambersburg, Pennsylvania in the unincorporated community of Scotland. Located at exit 20 off Interstate 81, the mall has 56 stores and a capacity of 64 as of December 2008.[2]

History

Chambersburg Mall opened in 1982 under Crown American mall developers with Hess's, Sears, Gee Bee, and Carmike Cinemas. Bon-Ton was added in 1985 as Eyerly's.[3] Over time, Hess's closed all of its stores and the mall's store was replaced with JCPenney, which moved from a plaza in downtown Chambersburg. Gee Bee stores folded in 1992 and were taken over by Value City which itself closed completely in 2008. The store was replaced with Burlington Coat Factory. Rex Electronics also briefly occupied a space in the mall. Chambersburg Mall had as many as 75 stores at its peak, but due to competition from newer shopping centers in the area, the number of stores has dwindled down to approximately 55.

Crown American's mall portfolio was acquired by Pennsylvania Real Estate Investment Trust (PREIT) in 2003. Chambersburg Mall has three major anchor stores: Bon-Ton, Black Rose Antiques, and Burlington Coat Factory. Sears formerly occupied a space in the mall, but is now the antique and collectibles store. The mall also still has the Carmike Cinemas seven-theater complex. In 2009, U.S. News & World Report named the mall one of the 10 most endangered in the United States, calling it a "sleepy mall a perennial underperformer". The mall has an occupancy rate of 62 percent and sales of $234 per square foot.[4] As of May 2012, the mall has been for sale once again. A 10/29/13 report by the Chambersburg Public Opinion confirmed that an unknown party has put a non-refundable deposit on the mall.[5] In November 2013, the mall was officially sold to Mason Asset Management for $8.8 million.[6] PREIT expects the net proceeds from the sale to be $8.4 million.[6]

Sears closed its Chambersburg Mall location in mid-January 2015. The space will be occupied by Black Rose Antiques and Collectibles, an antique mall with locations in Hanover, Pennsylvania and Allentown, Pennsylvania. The antique mall was scheduled to open in August 2015.[7] JCPenney later closed its doors in July 2015 with no named replacement.

Events

Chambersburg Mall hosts events and drives for local establishments, most notably, the Pennsylvania State University.[8]

See also

References

  1. 1 2 "Chambersburg Mall Fact Sheet" (PDF). PREIT. Retrieved May 2, 2011.
  2. ↑ "Archived copy". Archived from the original on 2008-12-16. Retrieved 2009-12-31.
  3. ↑ https://news.google.com/newspapers?id=xKFdAAAAIBAJ&sjid=-VwNAAAAIBAJ&pg=713%2C1796599&dq=chambersburg-mall+bon-ton&hl=en
  4. ↑ Newman, Rick. 26 June 2009, U.S. News & World Report, "America's Most Endangered Malls". Accessed 24 December 2011.
  5. ↑ http://www.publicopiniononline.com/local/ci_24408796/sale-chambersburg-mall-under-contract[]
  6. 1 2 http://www.publicopiniononline.com/local/ci_24553074/chambersburg-mall-sold-8-8m[]
  7. ↑ http://www.publicopiniononline.com/local/ci_27504325/antique-store-fill-former-sears-location-at-chambersburg[]
  8. ↑ "Archived copy". Archived from the original on 2007-12-04. Retrieved 2009-12-31.

External links

Coordinates: 39°57′18″N 77°34′30″W / 39.955°N 77.575°W / 39.955; -77.575

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