Find in the news:
BY COUNTRY

51% of Tupelo, Miss., mall to Rouse Properties



Rouse Properties, in a joint venture with David Hocker & Associates Inc. has purchased The Mall at Barnes Crossing.

Rouse.jpgThis is an enclosed regional mall located in Tupelo, Miss., which measures 670000ft². Rouse has not only gained a 51% share in the property, it will also take over the role of managing member of the joint venture.  The acquisition includes the purchase of Market Center, which is a 60000ft² center bordering The Mall.

This purchase is Rouse’s 36th mall in its 23rd state and is evident of the goal of the corporation to upgrade and build on diversification of its asset base across the US.  The strengths of the joint venture will allow them to improve sales and offer an optimized combination of retail mix at both properties. Rouse has reported operation fund of $15.2m for Q2 2014, compared to $5.9m for the previous year.  It has a successful track record in the renovation of malls.  It obtained the Bel Air Mall in Mobile during May, which cost $135m.  It intends to undertake cosmetic renovations, with improvements to some of the entrances of the mall. It is expected that The Mall at Barnes Crossing will follow the same procedure.

The Mall is situated at 1001 Barnes Crossing Road, with anchors including Cinemark, Barnes & Noble, Dick’s Sporting Goods, Sears, Belk Men’s and Home Store, Belk’s and JC Penney.  It offers visitors retailers including Ulta, Bath & Body Works, Chico’s, Buckle, Victoria’s Secret and Ann Taylor Loft. The property, at point of sale, was 94.1% leased, with low occupancy costs and inline sales of around $360 per square foot.  Market Center’s anchors include Shoe Carnival, Old Navy and Gap.  The joint venture has also obtained a $67m, 10-year non-recourse loan at an interest rate of 4.29%.  The Mall is placed within an area of trade in excess of 450000 people.




More about shopping malls in the USA



YESTERDAY, China:
A Chinese holiday in which people travel abroad brought shoppers to The Dubai Mall.
DAY BEFORE YESTERDAY, United Kingdom:
The retailer announced the cessation of operating activities in three markets at once.
Oct 16, 2018:
Sears plans to close by the end of the year 142 retail properties in addition to the previously closed 46.
Oct 5, 2018, USA:
Fashion retailer set to open at four properties, further diversifying their mix of offerings and bringing new concepts.
Oct 1, 2018, USA:
There is a new pop-up store to be opened to the public inside City Point Shopping Complex.
Sep 27, 2018, Sweden:
Mölndal Galleria opens today and it's the first new shopping center in the Greater Gothenburg in over 12 years.
Friend
and Follow
Madrid Xanadú GLA:1 184 030 SF
ADDRESS: Autovía A5, salidas 22 y 25 - 28939
Spain . Madrid
Madrid Xanadú
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us