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New mall owner’s record troubling

The Rotterdam Square Mall after selling for $8.5 million Tuesday.
Photographer: Peter R. Barber
The Rotterdam Square Mall after selling for $8.5 million Tuesday.
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Rotterdam Square is the type of mall that catches Mike Kohan’s attention. The aging retail center on West Campbell Road has struggled with occupancy in recent years, with roughly 21 percent of its square footage vacant. These empty spots helped drive down the mall’s annual sales per square foot, which made it a less attractive asset for its publicly traded owner, Macerich Co. And with Macerich looking to quickly divest the property, Rotterdam Square practically ...

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comments

venezio
February 3, 2014
2:28 p.m.

[ Flag Post ]

They need to bring in stores that people want to shop at. That's the key. If they don't have what customers are looking for, they will not go. People go to crossgates and colonie center because there is a wide variety to choose from. Sure you can fill the mall up with a bunch of tenants, but what good is it if nobody wants to shop at those stores?

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