Newburgh Mall

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Newburgh Mall
Newburgh Mall.jpg
Main entrance to the Newburgh Mall
LocationNewburgh, New York, United States
Opening date1980
DeveloperKravco
OwnerUrban Retail Properties Co.
No. of stores and services54
No. of anchor tenants3 (2 open, 1 vacant)
Total retail floor area388,000 sq ft (36,000 m2)
No. of floors1
Websitenewburghmall.com

Newburgh Mall is a regional shopping center located on NY 300 in the Town of Newburgh, New York, near where Interstate 87 (the New York State Thruway) intersects with Interstate 84. It was opened in 1980 by Kravco property management (later Kravco Simon), which owns King of Prussia Mall outside Philadelphia. The mall has over 65 stores and the anchor stores are Sears and Office Depot. There is 1 vacant anchor store that was once The Bon-Ton. Original anchors included the now defunct chains Caldor and Steinbach.[1]

Old Navy relocated out of the mall in 2011.[2] More than 25 percent vacant since 2009, the mall faced foreclosure in 2012.[3] After operating in foreclosure for several years, the mall was sold at a foreclosure sale for $10 to the holder of its mortgage, Wells Fargo.[4]

In 2017 the mall was sold for $7.7 million.[5]

References[edit]

  1. ^ Directory of Shopping Centers in the United States - National Research Bureau, inc - Google Books. 1992. Retrieved 2012-07-04.
  2. ^ "Newburgh's loss is Harriman's gain". The Newburgh Advocate. 2011-09-16. Retrieved 2012-07-04.
  3. ^ Jessica DiNapoli. "Newburgh Mall facing foreclosure". recordonline.com. Retrieved 26 April 2016.
  4. ^ http://www.recordonline.com/article/20140904/BIZ/140909912 "Mortgage-holder wins foreclosure auction of Newburgh Mall", Recordonline.com, September 4, 2014
  5. ^ http://www.recordonline.com/news/20170331/newburgh-mall-sold-for-77-million "Newburgh Mall sold for $7.7 Million", recordonline.com, March 31, 2017

Coordinates: 41°31′03″N 74°04′16″W / 41.517527°N 74.071016°W / 41.517527; -74.071016