Phillipsburg Mall

Phillipsburg Mall
Exterior view of Phillipsburg Mall, May 2018
Location Lopatcong Township / Pohatcong Township, New Jersey, United States
Opening date 1989[1]
Developer Crown American
Owner Mason Asset Management
No. of stores and services 32
No. of anchor tenants 2
Total retail floor area 578,925 square feet (53,783.9 m2)[1]
No. of floors 1
Parking Parking lot
Public transit access NJ Transit NJ Transit bus: 890, 891
Website www.phillipsburgmall.com

Phillipsburg Mall is an indoor shopping mall located along U.S. Route 22. Despite its name, the mall is actually located on the border of Lopatcong Township and Pohatcong Township in Warren County, New Jersey, United States, just east of Phillipsburg. It is located on the eastern edge of the Lehigh Valley, the metropolitan area of Allentown, Pennsylvania. The mall features Kohl's and Black Rose Antiques & Collectibles as its anchor stores.

History

Crown American first announced Phillipsburg Mall in 1985. The original anchor stores chosen were Bradlees, Sears, and Hess's, then a subsidiary of Crown American.[2] As Bradlees was undergoing store closings at the time, Crown American instead chose to make that anchor space a Kmart.[3] The Mall was originally slated for a 1987 opening, but was delayed due to highway and sewage system issues. Upon opening on September 24, 1989, the mall had Kmart, Hess's (the first location in New Jersey), and Sears.[4] JCPenney would later open in Spring of 1990. The Hess's store was sold to The Bon-Ton in 1994.[5] Kmart closed its store at Phillipsburg Mall in 2002 as part of bankruptcy proceedings;[6] one year later, the space was sold to Kohl's.[7]

PREIT, who acquired the Crown American portfolio in 2003, sold the mall to Mason Asset Management for $11.5 million in 2013.[8] On January 15, 2014, it was announced that the JCPenney store would be closing as part of a plan to close 33 locations nationwide.[9] In addition to this anchor, many stores left the mall in 2013 and 2014, including American Eagle Outfitters, Aéropostale, f.y.e., Gap, PacSun, Christopher & Banks, Deb Shops, and Littman Jewelers.[10]

As those stores were closing, other new shops began to open. An Antique shop called Black Rose Antiques & Collectibles began to occupy the former JCPenney space. The store opened on January 1, 2017.[11][12] Meanwhile, a record store called Spin Me Round Records opened near the former JCPenney space,[13][14] and also around this time, a Gold's Gym opened in the space once occupied by Hot Topic and several restaurants.

On November 2, 2017, Sears Holdings announced that Sears would also be closing as part of a plan to close 63 Sears & Kmart stores nationwide. The store, the only Sears or Kmart in New Jersey to be closing as a part of this plan, as well as the adjacent Auto center, closed on January 28, 2018.[15]

In mid-November, 2017, The Bon Ton, struggling with around $1.1 billion in debt, announced a plan to close over 40 stores in 2018, including its Phillipsburg Mall location, and on January 31, 2018 confirmed that closing sales would begin February 1 and run for 10–12 weeks until the store is closed in April.[16] The store closed on April 29, 2018.

The mall's website lists 36 tenants as well as the anchors as of April 2018.[17]

See also

References

  1. 1 2 "Phillipsburg Mall Fact Sheet" (PDF). PREIT. Archived from the original (PDF) on 2011-08-09. Retrieved 2010-10-17.
  2. ↑ "Third Store Is Announced For P'burg Mall". The Morning Call. 21 May 1985. Retrieved 3 December 2014.
  3. ↑ "Phillipsburg Mall Will Have K Mart Instead Of Bradlees". The Morning Call. 25 February 1989. Retrieved 3 December 2014.
  4. ↑ "Phillipsburg Mall Is Instant Hit". The Morning Call. 25 October 1989. Retrieved 3 December 2014.
  5. ↑ "CROWN AMERICAN REALTY TRUST SHAREHOLDERS APPROVE HESS'S LEASE MODIFICATIONS". PR Newswire. 9 September 1994. Retrieved 3 December 2014.
  6. ↑ "In the red, everything's a blue light special". The Morning Call. 27 May 2002. Retrieved 3 December 2014.
  7. ↑ "Crown American Realty Trust Reports First Quarter FFO of $0.32 Per Share, Up From $0.23 Per Share Last Year on Restated Basis". PR Newswire. 14 May 2003. Retrieved 3 December 2014.
  8. ↑ Zanki, Tom (January 10, 2013). "Phillipsburg Mall sold to New York firm for $11.5 million". The Express-Times. Retrieved January 29, 2013.
  9. ↑ "Here's A List Of The J.C. Penney Stores That Are Closing". The Huffington Post. January 15, 2014. Retrieved January 16, 2014.
  10. ↑ "Phillipsburg Mall struggles to fill stores". The Morning Call. 8 February 2014. Retrieved 3 December 2014.
  11. ↑ http://blackroseantiques.com/
  12. ↑ https://www.facebook.com/BlackRosePhillipsburgMall/
  13. ↑ http://www.lehighvalleylive.com/phillipsburg/index.ssf/2015/04/its_a_passion_owner_of_new_phi.html
  14. ↑ https://www.facebook.com/SpinMeRoundStore/
  15. ↑ Snider, Mike; Jones, Charisse (November 3, 2017). "Another 60-plus Sears, Kmart stores set to close in January 2018; see the list". USA Today. Gannett. Retrieved November 3, 2017.
  16. ↑ Salamone, Jon Harris, Anthony. "Bon-Ton closing two Lehigh Valley-area stores". Lehigh Valley Business Cycle. Retrieved 2018-02-01.
  17. ↑ "Phillipsburg Mall Directory". Retrieved April 14, 2018.

Coordinates: 40°41′06″N 75°09′14″W / 40.685°N 75.154°W / 40.685; -75.154

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