Heritage Mall

Heritage Mall is a shopping center in Albany in the U.S. state of Oregon. Anchored by Target, the 406,500-square-foot (37,770 m2) mall opened in 1988.[1] Located near the junction of Interstate 5 and U.S. Route 20, the mall sits on 33 acres (13 ha) and is the largest in the Albany-Corvallis-Lebanon metropolitan area.[2]

Heritage Mall
The center in 2009
LocationAlbany, Oregon, United States
Coordinates44.6305°N 123.0804°W / 44.6305; -123.0804
Opening date1988
DeveloperCounty Fair Mall Associates
OwnerVintage Real Estate
No. of anchor tenants5
Total retail floor area406,500 square feet (37,770 m2)
Websiteheritagemall.com

History

A groundbreaking ceremony has held in August 1987, with the opening of the $21.5 million center expected in November 1988.[3] The mall started with three anchor stores and plans for 60 to 70 other stores.[3] Troutman's Emporium and J. C. Penney were announced as the first anchors to sign-up for the center in August 1987,[4] with Target later becoming the third anchor. Emporium was to occupy a 44,000-square-foot (4,100 m2) space, while the Penney's store was 34,000 square feet (3,200 m2).[4] Robacor Associates and Roebbelen Land Company of California developed Heritage Mall.[5]

The owners of the center filed for bankruptcy in December 1994, still owing $9.16 million to the contractors who built the mall.[6] In August 2005, Heritage Mall was sold to Steadfast Commercial Properties of California for $34 million.[6] Gottschalks opened a store at Heritage in 2005,[7] which closed in 2009.[8] At the time Gottschalks opened, other anchors were Target, Sears, Ross Dress for Less, and Old Navy.[6] The mall was remodeled in 2006.[6] The center was sold by Jones Lang LaSalle in December 2012 to Vintage Real Estate.[2][1] In May 2013, Hobby Lobby announced plans to open its first store in Oregon in the former Gottschalks space.[1][8]

In October 2014, Sears announced that it would close its store in the mall in early 2015.[9]

See also

References
  1. Culverwell, Wendy (May 23, 2013). "Hobby Lobby to make 60,000-square-foot splash in Oregon". Portland Business Journal. Retrieved 24 May 2013.
  2. Lathrop, Steve (December 11, 2012). "Mall ownership changes hands". Albany Democrat-Herald. Retrieved 25 May 2013.
  3. MacKenzie, Bill (August 30, 1987). "Revitalizing Downtown Albany caught twixt, tween". The Oregonian. p. D4.
  4. "Emporium, Penney to anchor mall". The Register-Guard. August 27, 1987. p. 1B. Retrieved 25 May 2013.
  5. "Investment pace continues strong in third quarter". The Oregonian. December 27, 1987. p. C9.
  6. Paul, Alex (September 19, 2005). "Heritage Mall booked for a facelift". Corvallis Gazette-Times. Retrieved 25 May 2013.
  7. "Fresno, Calif. -- apparel-focused department store Gottschalks plans to open a new, 44,000-square-foot unit in Albany, Ore., this April; Items; Brief Article". DSN Retailing Today. 44 (3): 29(1). February 7, 2005. ISSN 1530-6259.
  8. Lathrop, Steve (May 21, 2013). "Hobby Lobby fills Heritage anchor spot". Albany Democrat-Herald. Retrieved 25 May 2013.
  9. http://democratherald.com/news/local/albany-sears-to-close-in-january/article_da9a527a-555f-11e4-b913-53fb540cb857.html
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