Rotterdam Square mall for sale in online auction - NEWS10 ABC: Albany, New York News, Weather, Sports

Rotterdam Square mall for sale in online auction

Posted:
ROTTERDAM, N.Y. (AP) - Rotterdam Square mall near Schenectady goes on sale Monday in a two-day online auction run by Rockwood Real Estate Advisors and Auction.com.

The minimum bid is $2 million for a property with three anchor stores and more than 50 retailers, a seven-screen movie theater and a food court.

The Daily Gazette of Schenectady reports (http://bit.ly/1dZ3hcG ) that the mall is being sold by Santa Monica-based Macerich Company.

Macerich bought Rotterdam Square eight years ago when it acquired its Rochester-based parent company, Wilmorite. The $2.3 billion acquisition included 11 regional malls and two open-air shopping centers.

The mall, just off Interstate 890, has three main anchor stores - Kmart, Sears and Macy's.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow
     
NEWS10 ABC
341 Northern Boulevard
Albany, NY 12204
+(518) 436-4822
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WTEN. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.