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Local malls up for sale

 
Local malls up for sale
Posted June 19th, 2014 @ 2:09pm by WTVN Newsroom

COLUMBUS, Ohio (WTVN) -- Two local malls are among 13 being put up for sale by Columbus-based Glimcher Realty Trust.

River Valley Mall in Lancaster and Indian Mound Mall in Heath are on the list along with Dayton Mall and the Mall at Fairfield Commons in Dayton and New Towne Mall in New Philadelphia, Ohio.

"Back in April they talked about raising $200 million to $300 million to reinvest in some of the better heeled properties like Polaris Fashion Place," said Brian Ball, a reporter with our news-partner Columbus Business First Newspaper.

Of the 13 malls up for sale, Ball says the company really only need to sell three or four.

The other malls on the list include: Colonial Park Mall in Harrisburg, PA, Grand Central Mall in Parkersburg, WV,  The Mall at Johnson City in Johnson City, TN, Morgantown Mall in Morgantown, WV, Merritt Square Mall in Merritt Island, FL, Northtown Mall in Blaine, MN, and Weberstown Mall in Stockton, CA. 

The company recently sold Eastland Mall on the east side of Columbus. It operates 28 malls in 16 states.

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