City leaders, tenants optimistic about sale of Lindale Mall (2023)

City leaders, tenants optimistic about sale of Lindale Mall (1)

CEDAR RAPIDS — The city and tenants of Lindale Mall are optimistic the northeast Cedar Rapids center’s new owner will recruit more businesses and make improvements after two of its longtime anchor tenants closed four years ago and remain empty.

“While transitions like this always cause a bit of chaos and a lot of work for local management, that team was optimistic about what this might mean for Lindale Mall,” said Doug Neumann, executive director of the Cedar Rapids Metro Economic Alliance.

City leaders, tenants optimistic about sale of Lindale Mall (2)

Neumann said members of the alliance visited Lindale’s local management team after the Kohan Retail Investment Group bought the 732,666-square-foot mall for $28.5 million in March.

The deal also included nine properties outside the mall — at First Avenue and Collins Road NE — including the now-vacant Hy-Vee Food Store just west of the mall. But it doesn’t include the now-closed Sears store, whose anchor space in the mall is owned by Seritage Growth Properties of New York.

The local Lindale management team, Neumann said, “recognizes the opportunities for development of available land within the mall footprint, and they recognize there’s room for creative thinking on adaptive reuses of available space within the mall.”

The sale is important for the community, too, because the previous owner — Washington Prime Group of Columbus, Ohio — had filed for bankruptcy protection, Cedar Rapids City Council member Scott Olson, a commercial Realtor, told The Gazette.

City leaders, tenants optimistic about sale of Lindale Mall (3)

It’s a “positive sign” that the buyer kept current mall managers, who get along well with the mall’s tenants, he said, noting improvements the previous owner had made at the mall and that the new owners may do more.

“The city’s hope is they will be successful and be able to fill up the vacant spaces,” Olson said.

“The city streets project (of Collins Road NE) is completed now, and the area across the street (is developed) with Home Goods. The Raising Cane’s restaurant recently opened and the (former) Hy-Vee building would make a great conversion space or for an entertainment-type business,” he said.


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Lindale Mall had an assessed value of $44 million when Washington Prime Group filed for Chapter 11 bankruptcy in 2021. The value was lowered to $30 million after the company appealed the assessment.

In its purchase, the Kohan Retail Investment Group bought:

  • The former Hy-Vee Food Store, 279 Collins Rd. NE, and the parking lot outside
  • Jared The Galleria of Jewelry, 159 Collins Rd. NE
  • Five Guys Burgers, 157 Collins Rd. NE
  • Fantastic Escape, 4444 First Ave. NE
  • Jo-Ann Fabrics, 255 Collins Rd. NE
  • Three parcels of vacant land and private roads along First Avenue NE.

The assessed value of all the properties included in the sale totals $36.7 million, according to the Cedar Rapids Assessor’s Office.

Lindale now has 70 tenants and six vacant spaces, according to its management group. Among the vacancies are anchors Sears and Younkers, which went out of business and closed at the mall in 2018.

City leaders, tenants optimistic about sale of Lindale Mall (4)

Westdale example

Olson hopes Lindale, which opened Sept. 15, 1960, and the surrounding properties will increase in value under the new ownership, just as the value of the former Westdale Town Center has increased under the $90 million redevelopment begun in 2013 by the city and Frew Development Group

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The Westdale area now has an assessed value of $62 million, an increase of $54.6 million over its predevelopment value, Economic Development manager Caleb Mason told The Gazette in March.

Olson noted the retail landscape has been changing shopping areas all across the country, similar to what’s happened at Westdale, which has merged retail with office and living spaces, hotels and restaurants.

Lindale also has changed, he said, adding services — a beauty school, employment center, tattoo shop and music school — alongside its retail stores.

Neumann said it’s difficult to predict how the Lindale area will look in a few years, but “it sure is great to see the optimism that comes with new energy and investment in the property.”

Collins Road work done

City leaders, tenants optimistic about sale of Lindale Mall (5)

As Olson noted, the city’s investment in Collins Road has boosted development along the east-west thoroughfare.

An average of about 24,000 vehicles per day travel both sides of Collins Road at the Lindale entrance, according to the Iowa Department of Transportation.

Ken DeKeyser, Cedar Rapids city engineer, said the Collins Road project added an eastbound through-lane to help traffic flow by the mall. Additional paving also was completed to provide another westbound lane when it’s needed.

“The city has also updated the traffic signal timing in the corridor, which has been shown to reduce the delays in that area,“ he added.

Mall tenants hopeful

City leaders, tenants optimistic about sale of Lindale Mall (6)

Sean Holley, who owns Holley’s Shop for Men in Lindale, said he sees the sale and the new owner’s retention of local management as positives.

He said he hopes the new owners can recruit more retailers and make overall improvements to the mall. Holley’s has been in the mall for 59 years.

City leaders, tenants optimistic about sale of Lindale Mall (7)

Megan Long, who opened Lead With Light Photography in the mall last July, said she also sees the potential for growth and would like to see more recruitment of retailers to fill vacant spaces.

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She also hopes the new owner does more advertising of events and of the businesses in the mall.

City leaders, tenants optimistic about sale of Lindale Mall (8)

Of the 70 tenants at the mall, 11 businesses are non-retail, including Nichols’ Lead with Light Photography, La James International College, Iowa Works Center; Cedar Rhapsody School of Music, All Out Rampage, Iron Lotus Tattoo Shop, Basement Beauty Salon and Quilts of Valor.

The former Younkers retail space has been rented out on a temporary basis to various tenants such as iHeart Media, Spirit Halloween, Weetails consignment, vendor fairs and others. But a permanent use for the anchor footprint has not been announced.

Becky Eckley, general manager of Lindale Mall who will remain in her position under the new ownership, said she expects the new owner will fill the six vacancies and “maintain a vibrant and entertaining atmosphere for the local community.”

“For more than 60 years, Lindale Mall has offered immersive family traditions and experiences in addition to a lively marketplace, and we’re grateful for the opportunity to continue this tradition,” she said.

Buyer owns 60 malls

Kohan Retail Investment Group, based in Great Neck, N.Y., owns about 60 shopping malls throughout the country, including two in Iowa — in Marshalltown and in West Burlington — plus two New York hotels. The company is known for buying financially distressed malls at a reduced cost.

Mike Kohan, founder and chief executive officer of the group, declined to share his plans for Lindale Mall.

“While plans are still being evaluated, we will provide new and growing businesses leasing opportunities, maintain meaningful relationships with our current tenants, continue to provide a sense of place for the community, and position the center to achieve its highest potential,” Kohan said in a statement.

The Kohan Group’s website states that it sees the future of large malls as more of a “hybrid of entertainment, food, and retail than the past model where retail reigned supreme.”

The group bought 13 of its malls in 2021 during the pandemic.

City leaders, tenants optimistic about sale of Lindale Mall (9)

One of those properties, McKinley Mall in Hamburg, N.Y., was sold for over $7 million in an online auction last week, according to WGRZ-TV in Buffalo, N.Y. Kohan bought the property for $8.5 million that was in foreclosure in 2021. Kohan owed $176,069 in overdue taxes on the property for 2022.

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Kohan owed $355,434 in unpaid base taxes in January and accrued $30,157 in penalties for another property, Central Mall in Port Arthur, Texas, but those taxes were paid in April, according to the Jefferson County Tax Office.

The payments were made by Home Tax Solutions LLC, which is a tax loan business that helps Texans pay their residential or commercial property taxes, according to its website.

Real Deal — a real estate publication — reported in 2022 that power was cut off at least two times at Kohan Group malls because it had not paid the utility bills, and that power to a Vero Beach, Fla., mall was threatened after the group had not paid its electric bill in three months.

In early March, Kohan owed more than $1 million in taxes on a mall property in Midland, Mich., and that property was sold in an online auction for $5 million in April, according to the Midland Daily News. The group had owned the property since 2018.

The Kohan Group also is being sued over the Great Northern Mall in Clay, N.Y., for not adhering to purchase and sale agreement requirements of the new buyer. The lawsuit was filed in January, according to report in the Post-Standard of Syracuse, N.Y.

Eckley, the general manager of Lindale, was asked if Kohan’s legal problems cause the mall management any concerns.

“Lindale Mall is a desirable addition to the Kohan Retail portfolio for many reasons, including the existing tenancy and engaged community,” she said.

City Council member Olson said he and other city officials are going to a large retail convention in Las Vegas next month and hope to meet with Kohan or others with the company. Olson said city officials also will be meeting with a retail coach that helps cities recruit retailers.

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City leaders, tenants optimistic about sale of Lindale Mall (11)


Who bought Lindale Mall? ›

Lindale Mall has been sold for $28.5 million in a transaction completed March 23, according to Cedar Rapids Assessor's Office records. The sale transfers Lindale's ownership from Washington Prime Group, based in Columbus, Ohio, to Kohan Retail Investment Group (KRIG), based in Great Neck, New York.

Who owns Lindale Mall Cedar Rapids Iowa? ›

What is the history of Lindale Mall? ›

Lindale Plaza became the enclosed Lindale Mall in 1980, shortly after Westdale Mall opened in southwest Cedar Rapids. The only anchor change in Lindale's history came in 1981, when Petersen Harned Von Maur replaced Killian's as the latter went bankrupt (its last store in downtown Cedar Rapids closed in November 1982).

What is the oldest mall in Los Angeles? ›

Lakewood Center
Wikimedia | © OpenStreetMap
LocationLakewood, California, United States
Opening date1952
DeveloperMay Centers
7 more rows

What is Lindale famous for? ›

Lindale is the hometown of renowned country singer Miranda Lambert. Ms. Lambert's family lives here and she visits often. The Lambert family operates the Pink Pistol & Miranda Lambert headquarters, where visitors can purchase Miranda Lambert souvenirs.

What is the oldest mall in Michigan? ›

Northland Center, located in Southfield, Michigan was the world's largest shopping center, and first regional shopping center, when it opened on March 22, 1954.

Who owns the Woodlands mall? ›

Image of Who owns the Woodlands mall?
Brookfield Properties is a North American subsidiary of commercial real estate company Brookfield Property Partners, which itself is a subsidiary of alternative asset management company Brookfield Asset Management.

Who is the new owner of Maplewood Mall? ›

Hamd's Nashville-based Brookwood Capital purchased the majority of the mall from Simon Property Group spinoff Washington Prime Group in June 2022 for $27.5 million.

Who owns the mall at Green Hills? ›

Image of Who owns the mall at Green Hills?
Taubman Centers, Inc. is an American real estate investment trust headquartered in Bloomfield Hills, Michigan. The company invests in shopping centers, and is a subsidiary of Simon Property Group since 2020.

What is the largest abandoned mall in America? ›

Randall Park Mall
Wikimedia | © OpenStreetMap
LocationNorth Randall, Ohio, United States
Coordinates41.431691°N 81.531086°W
Address20801 Miles Road
Opening dateAugust 11, 1976
7 more rows

What is the largest mall in the United States? ›

1. Mall of America. Opened in 1992, Mall of America is the nation's largest mall at more than 5.6 million square feet. Located outside Minneapolis, Mall of America draws 40 million visitors each year to its more than 520 shops and restaurants.

What is the most popular mall in LA? ›

The Glendale Galleria is the most popular mall in LA. The mall has over 200 stores to choose from like the Apple Store, Build a Bear Workshop, Urban Outfitters, Kate Spade, Hot Topic, and more. There is also a large food court and a children's play area.

What famous person is from Lindale? ›

Notable people
  • Paul Baloche, Christian singer-songwriter.
  • Kelli Finglass, Director of the Dallas Cowboys Cheerleaders.
  • Dallas Holm, Christian singer-songwriter originally from St. ...
  • Miranda Lambert, Grammy Award-winning country music singer-songwriter.

What famous person is from Lindale TX? ›

Miranda Lambert

Miranda Leigh Lambert was born November 10, 1983 in Longview, Texas, and raised in Lindale, just north of Tyler.

Does Miranda Lambert live in Lindale TX? ›

Nestled 13 miles northwest of Tyler, Texas, Lindale has been Home to the Lambert family for decades. “Lindale, to me, is my foundation. Between my family and this place, it's who I am and why I can go out there and do all the things that I do.”

What is America's oldest mall? ›

Southdale Shopping Center, located in Edina, Minnesota, was the first totally enclosed shopping center in the nation.

What is the oldest shopping center in the United States? ›

Highland Park Village is America's first shopping center and the prototype for shopping centers all over the country. This unique Mediterranean Spanish-style development was constructed in 1931.

What is the oldest mall on earth? ›

First Mall in World

The Galleria Vittorio Emanuele II - was first designed in 1861. It took 12 years to complete and was finished in 1877. It's a four-story double arcade named for the first Monarch of Italy. The Galleria Vittorio's vast stores, cafés, and restaurants complement its magnificent architecture.

What is the history of Tallahassee Mall? ›

History. Tallahassee Mall opened in 1971 with three anchor stores: Woolco, Gayfers and Montgomery Ward; other major tenants included McCrory Stores and Walgreens. Woolco was closed in 1983 and replaced with Zayre. Seven years later, this anchor became Ames when the Zayre chain was acquired.

What is the history of the Janesville Mall? ›

Janesville Mall opened in September 1973, featuring the three anchor stores and 12 other tenants. Unlike nearby Beloit Plaza in Beloit, the newer mall was enclosed, and thus considered more desirable in Wisconsin's often cold climate. The remaining interior spaces of the mall soon filled up with national chain tenants.

What is the history of Hamilton Place mall? ›

Hamilton Place is an enclosed, two-story shopping mall in Chattanooga, Tennessee. It was the largest shopping mall in the state of Tennessee when it opened in 1987. The original anchors were Parks-Belk, Hess's, Parisian, Loveman's, Regal Cinemas and Sears.

What was the first mall in St Louis? ›

Saint Louis Galleria
Saint Louis Galleria at night, December 2017
Wikimedia | © OpenStreetMap
Opening date1955 (as Westroads Shopping Center)
DeveloperStix, Baer & Fuller, Hycel Properties
ManagementBrookfield Properties
8 more rows


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