Ashtabula Towne Square

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Ashtabula Towne Square
LocationAshtabula, Ohio, United States
Coordinates41°52′55″N 80°45′22″W / 41.882015°N 80.756142°W / 41.882015; -80.756142Coordinates: 41°52′55″N 80°45′22″W / 41.882015°N 80.756142°W / 41.882015; -80.756142
Address3315 N. Ridge East, Unit #700
Opening date1992
DeveloperCafaro Company
OwnerAshtabula Mall Realty Holding LLC (Kohan Retail Investment Group)[1]
No. of stores and services25 (space for 70)
No. of anchor tenants8 (All 8 vacant as of 2021)
Total retail floor area1,074,470 square feet (99,822 m2)[2]
No. of floors1
Websitemyashtabulamall.com

Ashtabula Towne Square, formerly Ashtabula Mall, is an enclosed shopping mall serving the city of Ashtabula, Ohio, United States. It has the capacity for 70 stores, as well as a food court, and a six-screen movie theater. The mall does not have an open anchor store.

The mall has six vacant anchors last occupied by Sears, Steve & Barry's, Super Kmart, JCPenney and two locations of Dillard's. The mall has a gross leasable area of 1,074,470 sq ft (99,822 m2).

History[]

Ashtabula Towne Square opened in 1992 as Ashtabula Mall. The mall featured Dillard's, JCPenney, Kmart (later expanded into a Super Kmart), Phar-Mor, Carlisle's, and Sears as anchor stores. The Kmart and Phar-Mor stores were both prototypes, with the latter also being that chain's 300th store.[3] While Sears and Phar-Mor opened in August of that year, the mall itself did not open until the fall.[4] Carlisle's closed in 1994 with the chain's demise[5] and was later converted to a Dillard's Home Store.

Phar-Mor closed in the mid-late 1990s. Steve & Barry's replaced Phar-Mor in 2005. Also, Dillard's closed the Home Store to focus on fashion apparel but ended up also closing its main location in 2007.

The mall was purchased by Cabot Investment Properties in 2008 and renamed Ashtabula Towne Square.[6][7] Since the mall's renaming, several more stores have closed, including Old Navy, Spencer's Gifts, Claire's, Fashion Bug, Lane Bryant, Payless ShoeSource, Wendy's, GameStop, , and J.B. Robinson Jewelers.[7] Ruby Tuesday also closed its Ashtabula Mall location in March 2008,[8] followed by Steve & Barry's in October. Finish Line, Inc., King's Jewelers and Zales have also closed since early 2009,[9] and Waldenbooks closed in early 2010.[10] The mall was foreclosed on in 2011.[11] Sears closed in 2012 and now University hospitals, and Kmart closed in 2016, which makes JCPenney and Dunham's Sports the last anchors to be occupied.[12]

Ashtabula Towne Square and attached properties was sold in February 2020 by Sure Fire Group, LLC to Ashtabula Mall Realty Holding LLC (Kohan Retail Investment Group) for $10.2 million.[1][13]

On June 4, 2020, JCPenney announced that it would close by around October 2020 as part of a plan to close 154 stores nationwide.[14] After JCPenney closes, Dunham's Sports will be the one and only anchor store left.

References[]

  1. ^ a b Terry, Shelley (February 12, 2020). "Mall sold". Star Beacon. Retrieved 2 April 2020.
  2. ^ Ashtabula Mall Archived September 30, 2007, at the Wayback Machine, International Council of Shopping Centers. Accessed August 9, 2007.
  3. ^ "Phar-Mor cuts ribbon #300" http://findarticles.com/p/articles/mi_m3374/is_n15_v14/ai_12511786
  4. ^ "Phar-Mor opens no. 300; denies plans for IPO" http://findarticles.com/p/articles/mi_m3092/is_n15_v31/ai_12540133
  5. ^ Carlisle Retailers puts itself on sales block; still hopes to file own Chap. 11 plan. (Chapter 11 bankruptcy reorganization plan) (Brief Article)
  6. ^ Terry, Shelley (2008-10-30). "Mall goes to Towne". Star Beacon. Archived from the original on 2012-09-15. Retrieved 2009-03-03.
  7. ^ a b "Old Ashtabula mall sign leaves 'Towne' to make room for new". Star Beacon. 2009-02-21. Archived from the original on 2013-02-03. Retrieved 2009-03-03.
  8. ^ Cook, Doris (2008-03-31). "Good-bye, Ruby Tuesday, graffiti, litter mark end". Star Beacon. Archived from the original on 2013-02-03. Retrieved 2009-03-03.
  9. ^ "Two more stores leaving Ashtabula Towne Square". Trading Markets.com. 2009-04-10. Retrieved 2009-06-08.[permanent dead link]
  10. ^ http://www.starbeacon.com/archivesearch/local_story_311003926.html[permanent dead link]
  11. ^ TERRY, SHELLEY. "Mall's future in question". Star Beacon.
  12. ^ Hutton, Matt (April 21, 2016). "Ashtabula Super Kmart closing". The Star-Beacon. Retrieved 23 April 2016.
  13. ^ Naymik, Mark (February 14, 2020). "Chapel Hill Mall owner buys struggling Ashtabula Towne Square mall". WKYC. Retrieved 2 April 2020.
  14. ^ "JCPenney Store Closings – Penney IP LLC". companyblog.jcpnewsroom.com.

External links[]

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