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Westgate Watcher


Spartan

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  • 3 weeks later...

Not sure what bearing this has or what it might signal, but here is an interesting data point regarding the mall:

This is a rare opportunity to purchase the leasehold interest in the WestGate Mall, located in one of the hottest markets in the United States. WestGate is the only enclosed mall in Spartanburg County and serves as the primary retail shopping destination for the growing Spartanburg market. The ±431,306 SF of mall-owned GLA is 82% occupied providing a value-add opportunity through lease up of the remaining vacancy. The mall is anchored by JCPenney (lease), Belk (sub-ground lease), Dillard's (REA) and Costco (REA). The REA expires 10/31/2066, with the owner of the former Sears property also a party to the agreement.High quality in-line tenants include the likes of Rack Room Shoes, Bath & Body Works, H&M and Victoria's Secret. West Gate Mall boasts visibility to Interstate 26 (±64,000 VPD) and is surrounded by national retailers including Target, Hobby Lobby, Sam's Club, Lowe's, Regal Cinemas, Home Depot and many more.

https://www.loopnet.com/Listing/205-W-Blackstock-Rd-Spartanburg-SC/29829632/

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