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 This material may not be published, broadcast, rewritten or redistributed.

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