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lycoming mall sold

As long as payments keep coming in, employees over at the water sewer authority tell us they will be happy to cancel the scheduled sheriff's sale before next month. On Monday, the water-sewer authority received a partial payment for the unpaid bills. According to the Lycoming County Water and Sewer Authority, the mall owes thousands in unpaid water and sewer bills. [1][8][12], Plans for Lycoming Mall were announced in 1975, with 674,000 sq. The new owners are already looking to make some changes. Store owners warned power could be shut off next week for nonpayment of electric bills", "No tax payments, no lights, no stores and no plan to make it better: Berkshire Mall owner Mike Kohan has frustrated towns all over the country", "150 Tons And Rusty - Just Your Basic Art", https://en.wikipedia.org/w/index.php?title=Lycoming_Mall&oldid=984872278, Buildings and structures in Lycoming County, Pennsylvania, Tourist attractions in Lycoming County, Pennsylvania, Creative Commons Attribution-ShareAlike License, This page was last edited on 22 October 2020, at 16:25. Mike Kohan, of Kohan Retail Investment Group, confirmed Tuesday his purchase of the mall near Pennsdale for $26.35 million. MUNCY TOWNSHIP, Pa. -- The Lycoming Mall could be auctioned to the highest bidder in a sheriff's sale next month. Since that time, PREIT has sold interests in 16 properties for more than $420 million, including the Nittany Mall near State College. Lycoming Mall initially was going to reopen on May 8 when Lycoming County was moved into the yellow reopening phase. Other stores include Books-A-Million, Dick's Sporting Goods, and Old Navy. MUNCY TOWNSHIP -- The Lycoming Mall has been sold for about $26 million. At this point, tenants should not worry about water being turned off. PPL said it was not an equipment problem but would not comment any further. Shop New Styles Connect to Stores. Gas-fired suspended heaters. [33] The mall lost power in late August 2018 due to owner not paying its PPL electric bill, but reopened the next day. Contact Us (570) 546-6879 300 Lycoming Mall Circle Pennsdale, PA 17756. Since that time, PREIT has sold interests in 16 properties for more than $420 million, including the Nittany Mall near State College. We're not talking hundreds of dollars, but thousands of dollars. 2008 Class A tilt-up construction. Lycoming Mall - WikiMili, The Free Encyclopedia - WikiMili, The Free The former Macy's was sold for over $500,000 to MC Storage Lycoming LLC, and it will be changed into storage. Browse Dining Options. Notifications can be turned off anytime in the browser settings. The last course of action would be a sheriff's sale.". T-5 high bay florescent with motion sensor . The current Trulia Estimate for 4773 Lycoming Mall Dr is $205,379. The Orchards Mall, purchased in 2014, was sold to Durga LLC in late 2018. The Orchards Mall, purchased in 2014, was sold to Durga LLC in late 2018. Thank you and we look forward to seeing you here at Lycoming Mall! This month, the water and sewer authority took out a sheriff's sale against the owner of the Lycoming Mall where the mall could be sold to the highest bidder. While the mall claimed there was an issue with a main power line, tenants told Newswatch 16 the owner of the mall did not pay the electric bill. Lycoming Mall's owners are appealing its tax assessment of $44.89 million. [25][26][27][28] Sears was announced to close in January 2018. It is anchored by Burlington Coat Factory. If the mall continues to work with the authority, Weigle says the sheriff's sale will be canceled. Lycoming Mall in Pennsdale, Pa., is anchored by JC Penney, Sears, Bon-Ton and Macy’s. "This has been going on for almost a whole year," said Christine Weigle, executive director of LCWSA. PROPERTY FEATURES. [29] Lycoming Mall's owners are appealing its tax assessment of $44.89 million. The arch was purchased by board members from Hess's and Crown American, with its dedication being in November 1978. The team has been exclusively marketing the two buildings on behalf of the seller, S. Balolia Holdings, LLC. ft. of space and Gee Bee, Hess's, and Sears as anchors. 40’ x 40’ column spacing. ft. and a Bon-Ton to the mall. This property is not currently available for sale. [7] Plans included a $4.7 million expansion in 1985 that added 115,800 sq. 7” reinforced concrete floors – 3,000 PSI. Ft. farms/ranches built in 1953 that sold on 11/26/2019. Bon-Ton closed due to the chains liquidation. [15] Value City would close in March 2008, with Burlington Coat Factory announced as its replacement in May. Lycoming Mall is a shopping mall located twelve miles east of Williamsport, Pennsylvania off Route 220 and I-180. PREIT sold Lycoming Mall to Kohan for $26.35 million in March 2016, who owns it under the name Lycoming Mall Realty Holding. 36’ clear ceiling heights. Lycoming Mall being owned by Kohan is basically a death sentence based upon the histories of other malls they had/have such as Berkshire Mall in Massachusetts, Lincoln Mall in Illinois, Mayberry Mall, and Rotterdam Square Mall. PREIT may also be entitled to $3.5 million of additional consideration for these malls if certain conditions are met in future years. [4][5][6] Macy's closed in March 2017, and owned its anchor store. View 7 photos for 1348 Lycoming Mall Rd, Pennsdale, PA 17756 a 3 bed, 3 bath, 2,984 Sq. [21], The mall was sold to Kohan Retail Investment Group for $26.35 million on March 22, 2016, who owns it under the name Lycoming Mall Realty Holding. [37] The auction did not occur due to a partial payment by Kohan. "Back and forth again, we recognize it's challenging for malls to be economically viable right now.". From an economic revenue standpoint, we would hope that the mall owners and the mall stores are doing very well," said Weigle. The owner of the Lycoming Mall has paid a portion of that outstanding sewer bill. ESFR sprinklers. In the past, she's helped set up a payment plan with the owner of the Lycoming Mall, but the executive director of Lycoming County Water Sewer Authority Christine Weigle says the Lycoming Mall still owes thousands of dollars in unpaid bills. [19][20] Pennsylvania Real Estate Investment Trust put Lycoming Mall up for sale in January 2015. In August, the power at the mall was turned off. 490 S. LYCOMING MALL ROAD SOLD. If the mall works to pay back the money owed, the authority says it will cancel the sale that is scheduled for February 1. "There is still a significant amount owed. [34][35][36] Lycoming Mall faced sheriff's sale in February 2019 due to unpaid bills from the Lycoming County Water and Sewer Authority. During this time, an independent attempt to build a second area mall in downtown failed. [18] The Gap and RadioShack closed in February 2015, with a Gap Factory store opening in the Lycoming Crossing Shopping Center, near Lycoming Mall. Other stores include Books-A-Million, Dick's Sporting Goods, and Old Navy. [3][13] Hess's would open on March 1, 1978, with the rest of the mall opening July 15, 1978, and Sears a few weeks later. ", Newswatch 16 spoke to Mike Kohan, the owner of the Lycoming Mall. "We have a vested interest in the revenue stream, and we need to make sure we secure that again. 4773 Lycoming Mall Dr was last sold on Feb 14, 2020 for $132,000. Staunton Mall was sold for $4.5 million in March 2014. "We will pay it in full in the upcoming month.". Check Movie Times. [22][23][24] J. C. Penney closed at the mall on July 31, 2017. MUNCY TOWNSHIP, Pa. — The Lycoming Mall could be auctioned to the highest bidder in a sheriff’s sale next month. After being on the market for more than a year, the Lycoming Mall has been sold. [38][39], The mall is noted for the 90-foot-high, 55-foot-wide, 140 ton steel sculpture known as the Hadany Arch.

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