Shenango Valley Mall
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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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Hermitage, Pennsylvania
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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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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Shopping Mall
A shopping mall (or simply mall) is a North American term for a large indoor shopping center, usually anchored by department stores. The term "mall" originally meant a pedestrian promenade with shops along it (that is, the term was used to refer to the walkway itself which was merely bordered by such shops), but in the late 1960s, it began to be used as a generic term for the large enclosed shopping centers that were becoming commonplace at the time. In the U.K., such complexes are considered shopping centres (Commonwealth English: shopping centre), though "shopping center" covers many more sizes and types of centers than the North American "mall". Other countries may follow U.S. usage (Philippines, India, U.A.E., etc.) and others (Australia, etc.) follow U.K. usage. In Canadian English, and oftentimes in Australia and New Zealand, 'mall' may be used informally but 'shopping centre' or merely 'centre' will feature in the name of the complex (such as Toronto Eaton Centre). The ter ...
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Sharon, Pennsylvania
Sharon is a city in western Mercer County, Pennsylvania, United States. The city, located along the banks of the Shenango River on the state border with Ohio, is about northeast of Youngstown, about southeast of Cleveland and about northwest of Pittsburgh. The population was 13,147 at the 2020 census. It is a part of the Youngstown–Warren metropolitan area. History The Sharon area was first settled in 1795. It was incorporated as a borough on October 6, 1841, and incorporated as a city on December 17, 1918. The city operated under the Pennsylvania third-class city code until 2008, at which point it adopted a home rule charter under which the elected position of mayor was replaced with a hired city manager and financial officer. The founding families of Sharon first settled on a flat plain bordering the Shenango River, between two hills on the southwestern edge of what is today Sharon's downtown business district. According to local legend, the community received its name ...
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Kaufmann's
Kaufmann's was a department store that originated in Pittsburgh, Pennsylvania. Summary The store was owned in the early 20th century by Edgar J. Kaufmann, patron of the famous Fallingwater house. In the post-war years, the store became a regional chain in the eastern United States, and was last owned by Federated Department Stores. At the height of its existence, it had some 59 stores in 5 states. Formerly part of May Department Stores prior to that company's acquisition by Federated on August 30, 2005, Kaufmann's operated as part of the Filene's organization in Boston, Massachusetts. On February 1, 2006, the Filene's/Kaufmann's organization was dissolved and the management of its stores was assumed by Macy's East and the new Macy's Midwest. On September 9, 2006, Macy's retired the Kaufmann's name as Federated Department Stores converted the former May Company brands to its masthead. In 2015, Macy's closed and sold the iconic Pittsburgh store for redevelopment as part of th ...
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Pennsylvania Real Estate Investment Trust
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 over to its mortgage holder, GS Mortga ...
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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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Macy's
Macy's (originally R. H. Macy & Co.) is an American chain of high-end department stores founded in 1858 by Rowland Hussey Macy. It became a division of the Cincinnati-based Federated Department Stores in 1994, through which it is affiliated with the Bloomingdale's department store chain; the holding company was renamed Macy's, Inc. in 2007. As of 2015, Macy's was the largest U.S. department store company by retail sales. Macy's as of October 29, 2022, has 510 stores (569 boxes), inclusive of 445 department stores (499 boxes; includes 51 stores or 55 boxes that are neighborhood stores), 46 furniture galleries (51 boxes), 1 furniture clearance center, 9 freestanding Backstage stores, 7 Market by Macy's and 2 stores converted to fulfillment centers (there are a total of 506 full line stores and a total of 551 stores) with the Macy's nameplate in operation throughout the United States. Its flagship store is located at Herald Square in the New York City borough of Manhattan. The com ...
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JLL (company)
Jones Lang LaSalle Incorporated (JLL) is a global commercial real estate services company, founded in the United Kingdom with offices in 80 countries. The company also provides investment management services worldwide, including services to institutional and retail investors, and to high-net-worth individuals, as well as technology products through JLL Technologies, and VC investments via its PropTech fund, JLL Spark. The company is ranked 185 on the Fortune 500. It is one of the "Big Three" commercial real estate services companies, alongside Cushman & Wakefield and CBRE. Operations JLL is headquartered in Chicago, Illinois, and as of October 2018 was the second-largest public brokerage firm in the world. The company has more than 98,000 employees in 80 countries, as of 2022. Services include investment management, asset management, sales and leasing, property management, project management, and development. In 2014, the organization shortened its name to JLL for marketing pu ...
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Sears
Sears, Roebuck and Co. ( ), commonly known as Sears, is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago. In 2005, the company was bought by the management of the American big box discount chain Kmart, which upon completion of the merger, formed Sears Holdings. Through the 1980s, Sears was the largest retailer in the United States. In 2018, it was the 31st-largest. After several years of declining sales, Sears's parent company filed for Chapter 11 bankruptcy on October 15, 2018. It announced on January 16, 2019, that it had won its bankruptcy auction, and that a reduced number of 425 stores would remain open, including 223 Sears stores. Sears was based in the Sears Tower in Chicago from 1973 until 1995, and is currently headquartered in Hof ...
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Defunct Shopping Malls In The United States
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Shopping Malls In Pennsylvania
Shopping is an activity in which a customer browses the available goods or services presented by one or more retailers with the potential intent to purchase a suitable selection of them. A typology of shopper types has been developed by scholars which identifies one group of shoppers as recreational shoppers, that is, those who enjoy shopping and view it as a leisure activity.Jones, C. and Spang, R., "Sans Culottes, Sans Café, Sans Tabac: Shifting Realms of Luxury and Necessity in Eighteenth-Century France," Chapter 2 in ''Consumers and Luxury: Consumer Culture in Europe, 1650-1850'' Berg, M. and Clifford, H., Manchester University Press, 1999; Berg, M., "New Commodities, Luxuries and Their Consumers in Nineteenth-Century England," Chapter 3 in ''Consumers and Luxury: Consumer Culture in Europe, 1650-1850'' Berg, M. and Clifford, H., Manchester University Press, 1999 Online shopping has become a major disruptor in the retail industry as consumers can now search for product ...
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