Centre at Salisbury Mall Sold - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Centre at Salisbury Mall Sold

Posted:
(Photo: WBOC) (Photo: WBOC)

SALISBURY, Md.- The Centre at Salisbury mall on Maryland's Eastern Shore has a new owner, it was announced Thursday.

New York City-based Rouse Properties Inc. has agreed to purchase the Centre of Salisbury, located in north Salisbury, as well as the Chesterfield Towne Center in Richmond, Va., from affiliates of the Macerich Co. Rouse said it paid a total of $292.5 million for the two properties, including the assumption of debt.

The 862,000-square-foot Centre at Salisbury is a regional mall that serves more than 330,000 people across nine counties in Maryland, Virginia and Delaware, according to Rouse. It opened in 1990 and was renovated in 2010. It is anchored by Macy's, Boscov's, Sears, JCPenney and Dick's Sporting Goods, and also features a 16-screen Regal Cinemas movie theater on a 72,000-square-foot outparcel.

Chesterfield Townese Center is a 1,018,000-square-foot regional mall that serves a trade area of more than half a million people, Rouse said. It is anchored by Macy's Sears, JCPenney and Garden Ridge.

"Chesterfield Towne Center and The Centre at Salisbury are key additions to our portfolio of dominant, middle market regional malls," said Rouse's president and CEO, Andrew Silberfein, in a statement. "These malls both serve expansive trade areas with limited enclosed mall competition, supporting strong inline and anchor sales volumes. The acquisition will diversify Rouse's geographic presence with Maryland and Virginia representing our 20th and 21st states. We see opportunities at both malls to apply our strong platform to substantially improve the malls' economic metrics, merchandising mix and tenant quality."

Shoppers in Salisbury are hopeful the new ownership will bring new stores to the mall.

"I would love if they expanded and get some more shops and more variety towards my age group and other age groups as well," Kacy Cassat said. "When I go in there there's only a couple of shops I like."

  • Most Popular VideosMost Popular VideosMore>>

  • Invasive Spotted Lanternfly Headed Toward Maryland

    Invasive Spotted Lanternfly Headed Toward Maryland

    Farmers like Jennie Schmidt of Queen Anne's County know all too well how hard it is to grow grapes. And now Mother Nature, in the shape of a quarter-sized, red and black polka-dotted bug, is about to make Schmidt's job even more challenging. The spotted lanternfly, already pestering nearby states like Pennsylvania and Virginia, is on its way to Maryland.

    More

    Farmers like Jennie Schmidt of Queen Anne's County know all too well how hard it is to grow grapes. And now Mother Nature, in the shape of a quarter-sized, red and black polka-dotted bug, is about to make Schmidt's job even more challenging. The spotted lanternfly, already pestering nearby states like Pennsylvania and Virginia, is on its way to Maryland.

    More
  • Medicare Fraud Lawsuit Names Private Ambulance Company & PRMC

    Medicare Fraud Lawsuit Names Private Ambulance Company & PRMC

    Federal authorities are investigating claims a private ambulance company committed Medicare fraud with the participation of Peninsula Regional Medical Center.

    A lawsuit filed in federal court outlines an alleged scheme to rake in tens of millions of dollars by over-billing Medicare on tens of thousands of non-emergency trips.

    More

    Federal authorities are investigating claims a private ambulance company committed Medicare fraud with the participation of Peninsula Regional Medical Center.

    A lawsuit filed in federal court outlines an alleged scheme to rake in tens of millions of dollars by over-billing Medicare on tens of thousands of non-emergency trips.

    More
  • Cruisin OC Heads back to Ocean City

    Cruisin OC Heads back to Ocean City

    It's official, Cruisin OC will be rolling through Ocean City once again in the Spring. Earlier this week, the council approved dates for the car show.
    Some locals say they're dreading for when those dates arrive. George Balunis, an Ocean City resident, says when the car events come into town, he stays inside.
    More
    It's official, Cruisin OC will be rolling through Ocean City once again in the Spring. Earlier this week, the council approved dates for the car show.
    Some locals say they're dreading for when those dates arrive. George Balunis, an Ocean City resident, says when the car events come into town, he stays inside.
    More
Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices