Mesa Mall
Encyclopedia
Mesa Mall is the Western Slope's
Colorado Western Slope
The Western Slope of Colorado refers to a region of the U.S. state of Colorado incorporating everything in the state west of the Continental Divide. The Colorado River and its tributaries divide the region into north and south at Grand Junction, Colorado...

 largest indoor shopping centre, serving western Colorado
Colorado
Colorado is a U.S. state that encompasses much of the Rocky Mountains as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains...

 and eastern Utah
Utah
Utah is a state in the Western United States. It was the 45th state to join the Union, on January 4, 1896. Approximately 80% of Utah's 2,763,885 people live along the Wasatch Front, centering on Salt Lake City. This leaves vast expanses of the state nearly uninhabited, making the population the...

 and the largest regional shopping center between Salt Lake City, Utah
Salt Lake City, Utah
Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake or SLC. With a population of 186,440 as of the 2010 Census, the city lies in the Salt Lake City metropolitan area, which has a total population of 1,124,197...

 and Denver. Mesa Mall dominates a service area of over 250 miles (402.3 km) in any direction. Located in Grand Junction, Colorado
Grand Junction, Colorado
The City of Grand Junction is the largest city in western Colorado. It is a city with a council–manager government form that is the county seat and the most populous city of Mesa County, Colorado, United States. Grand Junction is situated west-southwest of the Colorado State Capitol in Denver. As...

, the mall is located on US highway 6 and US Highway 50 (along with I-70 Business Loop). Managed by Macerich, the mall has five department stores anchors and over 110 retailers.

Mesa Mall was acquired by Macerich in 1997 in a joint venture purchase of 12 regional malls owned by the International Business Machine Corp.'s pension fund
Pension fund
A pension fund is any plan, fund, or scheme which provides retirement income.Pension funds are important shareholders of listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold...

. The price was $974.5 million, including the assumption of $485 million of debt
Debt
A debt is an obligation owed by one party to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.A debt is created when a...

. Sales per square foot for the malls were heading for over $260 for 1997 with an occupancy at about 89%.

Anchors & Majors

  • Herberger's
    Herberger's
    Herberger's is a regional department store chain founded in 1927 in Osakis, Minnesota, United States. Herberger's operates 41 stores in nine states; more than one third of them are in Minnesota, where the chain maintained its headquarters for much of its history...

     (72,279 sq ft.)
  • JCPenney (100,332 sq ft.)
  • Sears (76,647 sq ft.)
  • Sports Authority
    Sports Authority
    The Sports Authority, Inc. is one of the largest sporting goods retailers in the United States. It is headquartered in Englewood, Colorado, and operates more than 460 stores in 45 U.S...

     (44,392 sq ft.)
  • Target
    Target Corporation
    Target Corporation, doing business as Target, is an American retailing company headquartered in Minneapolis, Minnesota. It is the second-largest discount retailer in the United States, behind Walmart. The company is ranked at number 33 on the Fortune 500 and is a component of the Standard & Poor's...

    (116,950 sq ft.)
The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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