Is Burnsville Center closing?

Is Burnsville Center closing?

After more than 30 years at the mall, toys and game store Games by James closed its Burnsville Center location in late February. As he returned his store keys last week, Games by James owner Logan McKee said it was a tough decision to close.

What stores are left in Burnsville Center?

Home & Décor

• Anchor. JCPenney.
• B210. Kirkland’s.
• Anchor. Macy’s.
• 2028. My Pillow.
• 2026. Print & Frame.

Did Burnsville Center get sold?

Kohan Retail Investment Group bought the Burnsville Center in the fall for $17 million.

Why did Burnsville mall close?

Numerous vacancies have popped up in the mall for about five years, most notably the closure of Sears in 2017. Then 2020 came. In August, the mall went into foreclosure; then-owner CBL Properties, a real estate investment trust, cited vacancies and rent reductions as the primary cause of the default.

Why is the Burnsville mall closed?

Then 2020 came. In August, the mall went into foreclosure; then-owner CBL Properties, a real estate investment trust, cited vacancies and rent reductions as the primary cause of the default. By year’s end, New York-based Kohan Retail Investment Group had purchased the mall.

Who bought Burnsville mall?

Kohan Retail Investment Group
The deal with Kohan Retail Investment Group closed at the end of January. New York-based Kohan bought about half of the mall’s interior and exterior property through a foreclosure auction in fall 2020. Kohan paid about $17 million, a fraction of the $64.2 million owned.

Who purchased Burnsville Center?

New York-based Kohan Retail Investment Group bought 522,000 square feet of Burnsville Center for nearly $18 million in 2020 after the mall was foreclosed on. The purchase didn’t include some anchor stores like J.C. Penney and Macy’s.

When did Burnsville Center open?

August 3, 1977
It is one of the larger enclosed malls in Minnesota with 100 stores on 3 floors and approximately 1,100,000 square feet (100,000 m2)….Burnsville Center.

Is Burnsville Center for sale?

The sale of the Dick’s Sporting Goods building could pave the way for an Asian grocer and multicultural retail in Burnsville Center.

What is happening with Burnsville mall?

After receiving city council approval last month to divide the property, mall ownership is now planning to sell off parts of the land to new potential buyers, setting in motion a redevelopment plan that could surround the mall with housing, office space, restaurants and perhaps even a hotel.