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Crown American
Crown American is a privately held American company that manages and develops commercial real estate. The corporate headquarters is in downtown Johnstown, Pennsylvania, in a building designed by architect Michael Graves. History The company was founded in 1950 as Crown Construction. Frank J. Pasquerilla, who joined less than a year later, became president in 1956 and sole owner in 1961. The company's name was changed to Crown American in 1972 and in 1979 it acquired the Hess's department store chain. In 1993, the company split into two entities. The shopping mall portion of the company became a publicly held real estate investment trust, Crown American Realty Trust, and Crown American Hotels controlled the company's hospitality businesses. At its peak, Crown American operated 30 shopping malls, the Hess's department store chain (with 73 locations), and 20 hotels and motels. In 2003 the shopping mall development and management unit, Crown American Realty Trust, was sold to Penn ...
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Johnstown, Pennsylvania
Johnstown is a city in Cambria County, Pennsylvania, United States. The population was 18,411 as of the 2020 United States Census, 2020 census. Located east of Pittsburgh, Johnstown is the principal city of the Johnstown, Pennsylvania, Metropolitan statistical area, Metropolitan Statistical Area, which includes Cambria County, Pennsylvania, Cambria County. It is also part of the Johnstown-Somerset, PA Combined Statistical Area, which includes both Cambria and Somerset County, Pennsylvania, Somerset Counties. History Johnstown was settled in 1770. The city has experienced three major floods in its history. The Johnstown Flood of May 31, 1889, occurred after the South Fork Dam collapsed upstream from the city during heavy rains. At least 2,209 people died as a result of the flood and subsequent fire that raged through the debris. Another major flood occurred in 1936. Despite a pledge by President Franklin Delano Roosevelt to make the city flood free, and subsequent work to do ...
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Carlisle Plaza Mall
The Point at Carlisle Plaza (formerly Carlisle Plaza and Carlisle Plaza Mall) is a shopping mall located in Carlisle, Pennsylvania. It is anchored by Dunham's Sports and Lowe's. History Carlisle Plaza was built as an open-air shopping plaza in 1964, with backing from David Javitch, founder of Giant Food Stores, and his son, Lee, who would soon become president and CEO of Giant. Under the ownership of Crown American Realty Trust (then called Crown Construction Company), plans were announced in 1968 for an expansion of the plaza into an enclosed mall. The enlarged and enclosed mall opened in 1976. Crown American sold the mall to Michael Joseph Development Corporation under the name Carlisle Realty Partners for $5.8 million in November 2002. In August 2003 the mall was renamed from Carlisle Plaza Mall to The Point at Carlisle Plaza. It was reconfigured in the early 2000s with 200,000 sq ft. being removed including two anchor buildings formerly occupied by Albion Point Antiques & Col ...
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Viewmont Mall
Viewmont Mall is a shopping mall located in Scranton, Pennsylvania. It is anchored by JCPenney, Macy's, Dick's Sporting Goods / Field & Stream, and HomeGoods. History Viewmont Mall cost $10 million to construct and the original anchors included Grant's, JCPenney and Sears. Sears opened first at the mall in February 1968, with JCPenney later opening in October. Grant's closed at the Viewmont Mall in 1976 and was replaced by Hess's the same year. Hess's built a larger store starting in 1987. Sears received major changes in 1993 that roughly doubled the store's size. Hess's closed in late summer 1994, and was replaced by Kaufmann's in Fall 1995. Viewmont, along with Wyoming Valley Mall was sold by Crown American to PREIT in 2003. Kaufmann's was renamed Macy's in September 2006. Viewmont Mall received a major renovation in 2007. The malls food court in 2014 received significant changes including the addition of Buffalo Wild Wings. Sears closed in mid-2016 and was demolished later in ...
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State College, PA
State College is a home rule municipality in Centre County in the Commonwealth of Pennsylvania. It is a college town, dominated economically, culturally and demographically by the presence of the University Park campus of the Pennsylvania State University (Penn State). State College is the largest designated borough in Pennsylvania. It is the principal borough of the six municipalities that make up the State College area, the largest settlement in Centre County and one of the principal cities of the greater State College-DuBois Combined Statistical Area with a combined population of 236,577 as of the 2010 U.S. census. In the 2010 census, the borough population was 42,034 with approximately 105,000 living in the borough plus the surrounding townships often referred to locally as the "Centre Region". Many of these Centre Region communities also carry a "State College, PA" address although they are not part of the borough of State College. "Happy Valley" and "Lion Country" are ...
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Nittany Mall
Nittany Mall is an enclosed regional shopping mall in State College, Pennsylvania. It is located at the intersections of Route 150 and Route 26, one mile off the I-99 corridor. It is uniquely situated within four miles of the Pennsylvania State University, allowing the mall to attract both area residents as well as college students. Current anchor stores are Dunham's Sports, Gabe's and Rural King. History The Nittany Mall was developed by Crown American and officially opened in January 1968. The mall originally had just two anchors, Grants and Penn Traffic, and approximately 30 smaller stores. Its first expansion in 1970 included the addition of a Sears store, which was relocated from downtown State College, and over a dozen other smaller stores. The new Sears included 45 merchandise departments and a 10-bay automotive center. After the closing of the Grants chain in 1976, Gee Bee took over the space. Penn Traffic, one of the mall's original anchors, was sold to develope ...
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The Lightstone Group
The Lightstone Group is a privately held real estate investment company which owns and operates a diversified portfolio of multifamily, office, industrial, hotel, and retail properties. Lightstone has invested directly in individual real estate assets and in real estate operating companies. The company was founded by David Lichtenstein in 1988. The company's portfolio of real estate properties spans 20 U.S. states, and includes more than 11,000 multifamily units and approximately 20 million square feet of commercial space in the office, industrial, hotel, and retail sectors. The company has more than 450 employees, and is headquartered in New York City with regional offices in New Jersey, Maryland, and Illinois. Beacon Management is a Lightstone subsidiary, which manages the company's residential apartment business. Baltimore, Maryland-based Paragon Outlets is an affiliate of Lightstone, and manages the company's retail portfolio. Lightstone REITs In 2006, the company offered a $ ...
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Hermitage, PA
Hermitage is a city contiguous with Sharon, PA in western Mercer County, Pennsylvania, United States. Hermitage is located about northeast of Youngstown, about southeast of Cleveland and about northwest of Pittsburgh. The population was 16,230 at the 2020 census. It is part of the Youngstown–Warren metropolitan area. History Formerly known as Hickory Township (hence Hickory High School with its Hickory Hornet mascot), the City of Hermitage, in Mercer County, Pennsylvania, was first settled in 1796, and the Township of Hickory was incorporated in 1832 from portions of the Shenango and Pymatuning townships. Following the incorporation of the cities of Sharon and Farrell and the boroughs of Sharpsville and Wheatland, the remainder of the Township was incorporated into a First Class Township. The Home Rule Charter and Optional Plans Law, Act 62 of 1972, provided all local governments in Pennsylvania a unique opportunity of true "home rule" On August 9, 1972, Ordinance 13†...
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Shenango Valley Mall
Shenango Valley Mall was a shopping mall located in Hermitage, Pennsylvania opened on March 13, 1968. The mall was shuttered following the closure of its final anchor store, JCPenney, on May 31, 2024. History The land Shenango Valley Mall sits on was previously owned by the McConnell family until its sale in 2022. Shenango Valley Mall opened on March 13, 1968. JCPenney opened at the mall in January 1969, after being previously located in Sharon, Pennsylvania. Shenango Valley Mall was renovated in 1997, costing $3.5 million. It was the malls first major renovation since opening in the 1960s and Kaufmann's also expanded its store. Crown American Realty Trust, the mall's owner, was sold to PREIT in 2003. The mall was then sold by PREIT, along with five others to The Lightstone Group in 2004. Kaufmann's was re-branded as Macy's in August 2006. Shenango Valley Mall and three other malls entered receivership in January 2009, with Jones Lang LaSalle taking over management. Jones Lang LaS ...
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Hanover, PA
Hanover is a borough in York County, Pennsylvania, southwest of York and north-northwest of Baltimore, Maryland and is north of the Mason-Dixon line. The town is situated in a productive agricultural region. The population was 16,429 at the 2020 census. The borough is served by the 717 area code and the ZIP Codes of 17331-34. Hanover is named after the German city of Hannover. The site of the final encounter between the Union and Confederate States armies before they fought against each other in the Battle of Gettysburg during the American Civil War, this borough has since become known as the "Snack Food Capital of the World" due to the establishment of multiple food manufacturing businesses there during the 20th century. History In 1727, John Digges, an Irish nobleman of Prince George's County, Maryland, obtained a grant of of land where Hanover is now located from Charles Calvert, the fourth Lord Baltimore. The area was called Digges Choice, and in 1730, a group of Catho ...
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North Hanover Mall
North Hanover Mall is a shopping mall in Hanover, Pennsylvania. It is anchored by Dick's Sporting Goods, Burlington, and Rural King. History The mall opened in 1967 as an open-air strip including W.T. Grant, Town & Country (a discount chain then owned by Lane Bryant), Sears, and Food Fair. In 1969 and 1970, it underwent reconstruction to become an enclosed shopping mall, with The Bon-Ton moving from an existing store downtown and JCPenney joining. The Town & Country store became Kmart, which moved out in 1995 to a Superstore nearby that closed in 2004 and became Black Rose Antiques. The Bon-Ton moved out in 2006. After Black Rose Antiques moved out of the mall, construction began in 2007 to demolish the former Black Rose building for a Dick's Sporting Goods, while also demolishing the former Bon-Ton for a two-story Boscov's. Although Boscov's was originally to open in 2008, its opening date was later pushed back to 2009, but in April of that year, the mall's manager confirmed that B ...
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PREIT
Pennsylvania Real Estate Investment Trust is a publicly traded real estate investment trust that invests in shopping centers mostly in the Mid-Atlantic states. History The company was founded by Sylvan M. Cohen in 1960 as one of the first equity REITs. In 1997, the company acquired the Rubin Organization for $260 million. In 2001, founder Sylvan Cohen died. In 2003, the company acquired 6 shopping malls from The Rouse Company. The company also acquired Crown American. In 2006, the company acquired Woodland Mall for $177.4 million. In 2012, Joseph Coradino was named chief executive officer of the company. In 2013, the company sold Christiana Center and Commons at Magnolia for $87.3 million. In 2014, the company acquired a building in Philadelphia. In 2015, the company acquired Springfield Town Center for $465 million from Vornado Realty Trust. In 2016, the company sold 4 malls for $93 million. In 2019, the company turned Wyoming Valley Mall Wyoming Valley Mall is a shopping m ...
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Altoona, Pennsylvania
Altoona is a city in Blair County, Pennsylvania. It is the principal city of the Altoona Metropolitan Statistical Area (MSA). The population was 43,963 at the time of the 2020 Census, making it the eighteenth most populous city in Pennsylvania. The Altoona MSA includes all of Blair County and was recorded as having a population of 122,822 at the 2020 Census, around 100,000 of whom live within a radius of the Altoona city center according to U.S. Census ZIP Code population data. This includes the adjacent boroughs of Hollidaysburg and Duncansville, adjacent townships of Logan, Allegheny, Blair, Frankstown, Antis, and Tyrone, as well as nearby boroughs of Bellwood and Newry. Having grown around the railroad industry, the city has worked to recover from industrial decline and urban decentralization experienced in recent decades. The city is home to the Altoona Curve baseball team of the Eastern League, which is the AA affiliate of the Pittsburgh Pirates Major League Baseba ...
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