Five Points Mall

Five Points Mall
Location Marion, Indiana United States
Coordinates Coordinates: 40°34′28″N 85°40′48″W / 40.574512°N 85.679882°W / 40.574512; -85.679882
Address 1129 North Baldwin Avenue
Marion, IN 46952
Opening date 1978[1]
Management Jim McDowell[1]
Owner Select Strategies
No. of stores and services 20+
No. of anchor tenants 4 (1 open, 3 vacant)
Total retail floor area 464,827 square feet[1]
No. of floors 1

Five Points Mall, formerly North Park Mall, is an enclosed shopping mall in Marion, Indiana. Opened in 1978, it features Roses Discount Store as its anchor store. Outparcel properties include a free-standing Ruler Foods grocery store and Jo-Ann as well as several restaurants, including Subway Restaurant and Buffalo Wild Wings. It is managed by Select Strategies.[2]

History

Five Points Mall opening in 1978 as North Park Mall. One of its original anchor stores was Hills (became Ames in 1998, then Steve & Barry's in 2004, now Roses). Other early tenants included a Hank's Supermarket (which later became part of Lance's New Market) and Meis (later Elder-Beerman, and finally Carson's in 2011 Carson’s Closed in 2018). Sears was later added in 1990. The movie theater, also an original tenant, closed in the late 1990s. In 2013, the Sears closed as a result of low sales of the 2011 holiday season.

On January 15, 2014, JCPenney announced it was closing 33 underperforming stores (including the Marion store located in this mall) and laying off 2,000 employees.[3] CEO Myron Ullman explained in a news release, “As we continue to progress toward long-term profitable growth, it is necessary to reexamine the financial performance of our store portfolio and adjust our national footprint accordingly.”[4]

On January 31, 2018, The Bon-Ton announced that Carson's would be closing as part of a plan to close 42 stores nationwide, including the Marion store located in this mall. The store closed April 2018. This is in part due to the increase of their online shopping business.[5]

With the closure of Sears in 2013, JCPenny in 2014 and the closure of Carson's in 2018, the mall will have no anchor stores aside from Roses Discount Store.

Anchors

Current

  • Roses Discount Store
Roses at Five Points Mall
This Rose's is the very first store in Indiana.

Former

References

  1. 1 2 3 "Five Points Mall (from Capital Real Estate Advisors)" (PDF). Retrieved 11 May 2014.
  2. ↑ "Marion mall, owner moving forward with new tenants and a grocery store". Indiana Economic Digest. Retrieved 11 May 2014.
  3. ↑ Davidson, Paul (15 January 2014). "J.C. Penney closing 33 stores, laying off 2,000". USA Today. Retrieved January 15, 2014.
  4. ↑ "J C Penney closing 30 stores". USA Herald. Archived from the original on 17 January 2014. Retrieved 17 January 2014.
  5. ↑ "These major retailers are closing 1,000 stores in 2018". Clark.com. January 11, 2018. Retrieved January 28, 2018.
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