Swansea Mall for sale; adjacent properties already sold
Dave Souza|Herald News
Every kid's favorite store on Swansea Mall drive.
The Swansea Mall, owned by Carlyle Development in New York, is up for sale.
It recently sold its out-buildings at Swansea Mall Center, 58-86 Swansea Mall Drive, which includes Price Rite, Toys R Us and the Dollar Tree, to Gator Investments for $2.2 million.
Gator Investments owns Swansea Crossing, across from the mall where Regal Cinema is located. In that plaza, there are six empty retail spaces that range from 1,920 square feet to the largest building at 27,000 square feet, where Marshall’s was located.
Swansea Mall general manager Jason R. Huer said the mall has been “for sale for a while.” He said the Rockland Advisory Group of New York is the broker.
Swansea Town Planner Steven J. Antinelli said the sale came as no surprise.
“I know they’ve been considering it,” Antinelli said.
Chicago-based Jones Lang LaSalle has been managing the mall since 2010. It was previously managed by General Growth Properties and Preit Management.
Calls made to Jones Lang LaSalle, Carlyle Development, and Gator Investments were not returned.
Antinelli said he hoped that the Swansea Mall would be purchased and revitalized.
“The mall itself does need some new energy,” Antinelli said.
He said he doesn’t want to see the mall become vacant. It would be a blight on the new Walmart, he said, as well as on the town’s commercial part of Route 6 where Target located last year.
“We’re always wary that a major property in town that’s central to the commercial district would be vacant at any period of time,” Antinelli said.
The mall is also the town’s highest taxpayer. In 2012, it paid $673,089 in taxes. The Swansea Mall Center purchased by Gator paid $70,944 last year.
The Swansea Mall opened in October 1975 with Sears as an original anchor store. The mall was expanded in 1980.
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