Deal in works to revive property at The Citadel
Word was out this week about what could be one of the bigger commercial real estate deals in Colorado Springs so far this year. It hasn’t closed yet, but Blake Allen of Manitou Springs-based Allen Realty has agreed to buy the 185,000-square-foot space that was formerly a Macy’s department store at the Citadel Mall. The [...]
The Citadel and Chapel Hills malls have been buffeted by a shopping bag full of changes since the recession and even before. The loss of tenants large and small, trips to bankruptcy court by parent companies, new management and new competitors have all combined to make life for the malls tumultuous. How can they expect [...]
Continue reading …A company that lost an Oklahoma City mall to the federal government in foreclosure said it hired the new firm that’s managing The Citadel mall to save it from the same fate. Midwest Mall Properties bought the two malls, along with Crossroads Mall in Oklahoma City, in December 2006 for about $400 million. By April [...]
Continue reading …The 185,000-square-foot former two-story Macy’s building at 755 Citadel Drive – vacant since first quarter 2009 – has sold to ICA Properties Inc. of Odessa, Texas. The building, formerly owned by Macy’s West Stores Inc., sold for $3 million today, according to Bach Commercial Partners broker Steve Bach who, along with Mike Helwege, represented the [...]
Continue reading …The free immunization clinic at The Citadel will run its last day Saturday. Adults can receive H1N1, shingles and pneumonia vaccinations from 2 to 5 p.m. Friday and 10 a.m. to 1 p.m. Saturday. But after that, The Citadel’s shot clinic will be closed. For other information about vaccinations, call 211, the community information line. [...]
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