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The Johnstown Galleria

From Wikipedia - Reading time: 7 min
The Johnstown Galleria
Map
LocationJohnstown, Pennsylvania, United States[1]
Address500 Galleria Drive
Opening date1992[2]
DeveloperZamias Services, Inc.[3]
ManagementLeo Karruli[4]
OwnerLeo Karruli[4]
No. of stores and services38[5]
No. of anchor tenants4[6]
Total retail floor area894,646 square feet (83,120 m2)[7]
No. of floors2[8]
WebsiteThe Galleria

The Johnstown Galleria is a two-level shopping mall in Johnstown, Pennsylvania.[1][8] It is anchored by Boscov's and J. C. Penney.[9]

History

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Boscov's opened before the mall on September 19, 1992, and was the chains first store constructed in Central/Western Pennsylvania.[10] The Johnstown Galleria was built by Zamias Services, Inc. and opened on October 22, 1992, with space for a fifth anchor that was never filled.[2][3][11] It opened with anchors Bon-Ton, Boscov's, J. C. Penney, and Sears.[11] The Boscov's, former Bon-Ton, and former Sears buildings are independently owned.[2][12][5] Zamias sold the mall to Gemini Real Estate Advisors for $57 million in 2008, but remained as management.[2][13]

Steve & Barry's had a small format store open for a short time at the mall in the late 2000s.[14][15] Adar Johnstown Limited Liability Corporation purchased the property the mall is located on in 2014.[16] Pax Mall Realty settled a tax dispute with Cambria County over the value of the Boscov's anchor in 2017.[17] Bon-Ton closed at the mall in late April 2018 and was the first anchor to close in the Galleria.[18][19] Sears closed in summer 2018.[20][21] The mall's owners in 2018 won a tax reassessment from the Richland School District in court, reducing the mall's value from $6.5 to $3 million.[22] Parking lot and road conditions were reported as poor in March 2019.[23]

Spinoso Real Estate Group took over management from Zamias Services, Inc. on February 1, 2020, due to the mall entering receivership.[12] ADAR Johnstown Limited Liability Co., the owner of the mall's property, owed $14.6 million and stopped mortgage payments in October 2019.[12][9] The Galleria was scheduled to be sold at a tax sale on September 14, 2020, due to owing $1.1 million in taxes.[24] It was later removed from the sale due to the mall's owner, Adar Johnstown, LLC, setting up a payment plan. The Galleria was to go for sheriff's sale on December 11, 2020, but that was later delayed.[25][26]

The mall served as a COVID-19 vaccination site in early 2021.[27] The Johnstown Galleria was sold at sheriff's sale to the U.S. Bank National Association for $238,718 on September 10, 2021.[28] The mall minus the separately owned anchor buildings went to auction in August 2022 and sold for $3,150,000 to Leo Karruli.[4][29][30][31]

See also

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References

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  1. ^ a b "Johnstown Galleria" (PDF). Zamias. Retrieved 3 March 2020.
  2. ^ a b c d Piatek, Shawn (July 9, 2008). "Galleria sold to New York firm for $57 million". The Tribune-Democrat. Retrieved 3 March 2020.
  3. ^ a b Piatek, Shawn (July 9, 2008). "Mall sale spurs 'wait and see' reaction". The Tribune-Democrat. Retrieved 3 March 2020.
  4. ^ a b c O'Reilly, Russ (October 8, 2022). "Galleria's new owner says mall's 'not dead,' vows hard work to reverse years of decline". The Tribune-Democrat. Retrieved 7 February 2023.
  5. ^ a b O'Reilly, Russ (February 27, 2021). "VISION 2021 Complicated future for Galleria; layers of ownership make mall 'difficult to redevelop'". The Tribune-Democrat. Retrieved 13 April 2021.
  6. ^ "Mid-level malls losing their luster". The Tribune-Democrat. August 6, 2015. Retrieved 3 March 2020.
  7. ^ "Johnstown Galleria Outparcel" (PDF). The Shopping Center Group. Retrieved 3 March 2020.
  8. ^ a b "Johnstown Galleria" (PDF). Smartlite. Retrieved 3 March 2020.
  9. ^ a b O'Reilly, Russ (February 24, 2020). "Options abound for Galleria development". The Tribune-Democrat. Retrieved 28 February 2020.
  10. ^ Pesto, Mark (September 21, 2017). "'Something there for everybody': Boscov's to mark 25 years in Johnstown". The Tribune-Democrat. Retrieved 3 March 2020.
  11. ^ a b Pesto, Mark (October 14, 2017). "'The next 25 years are going to be bright': Galleria to mark 25 years". The Tribune-Democrat. Retrieved 3 March 2020.
  12. ^ a b c O'Reilly, Russ (February 1, 2020). "Change coming to The Galleria as Zamias Services Inc. turns over operations". The Tribune-Democrat. Retrieved 20 February 2020.
  13. ^ "Gemini Real Estate Advs. purchases the 354,625 s/f Johnstown Galleria". New York Real Estate Journal. Retrieved 3 March 2020.
  14. ^ Piatek, Shawn (September 26, 2007). "Steve and Barry's coming to The Galleria". The Tribune-Democrat. Retrieved 3 March 2020.
  15. ^ Lindeman, Teresa F. (September 2, 2008). "6 Steve & Barry's stores in region to close". Pittsburgh Post-Gazette. Retrieved 3 March 2020.
  16. ^ Griffith, Randy (February 10, 2018). "Now on sale at the mall: Land under The Galleria". The Tribune-Democrat. Retrieved 3 March 2020.
  17. ^ Brumbaugh, Jocelyn (February 10, 2017). "Cambria County settles Boscov's tax appeal". The Tribune-Democrat. Retrieved 3 March 2020.
  18. ^ Hurst, David (February 1, 2018). "Bon-Ton closing Johnstown Galleria location". The Tribune-Democrat. Retrieved 3 March 2020.
  19. ^ Kennett, Lindsey (21 April 2018). "Johnstown Bon-Ton store closing next week". WTAJ. Retrieved 3 March 2020.
  20. ^ Pesto, Mark (April 27, 2018). "Sears to close its Johnstown Galleria location". The Tribune-Democrat. Retrieved 3 March 2020.
  21. ^ Kennett, Lindsey (April 27, 2018). "Shoppers, employees react to Johnstown Sears closing". WTAJ. Retrieved 3 March 2020.
  22. ^ O'Reilly, Russ (April 23, 2022). "'Not going to be bowled over': Tax appeals abound, challenged by governmental agencies seeking the revenue". The Tribune-Democrat. Retrieved 29 June 2022.
  23. ^ "Editorial Sprucing up Galleria would help dispel rumors". The Tribune-Democrat. March 13, 2019. Retrieved 3 March 2020.
  24. ^ O'Reilly, Russ (July 15, 2020). "Galleria among Cambria tax-sale properties". The Tribune-Democrat. Retrieved 17 July 2020.
  25. ^ O'Reilly, Russ (September 17, 2020). "Galleria scheduled for sheriff's sale". The Tribune-Democrat. Retrieved 22 October 2020.
  26. ^ "Sale of Johnstown Galleria postponed". The Tribune-Democrat. December 11, 2020. Retrieved 18 December 2020.
  27. ^ Jaxtheimer, Sydney (22 March 2021). "Conemaugh Health System, EMA plan to host more vaccination clinics at Johnstown Galleria". WJAC. Retrieved 13 April 2021.
  28. ^ O'Reilly, Russ (September 11, 2021). "Johnstown Galleria sold to creditor at sheriff's sale". The Tribune-Democrat. Retrieved 22 September 2021.
  29. ^ "Briefcase - Business news of local interest". Altoona Mirror. June 29, 2022. Retrieved 29 June 2022.
  30. ^ O'Reilly, Russ (August 12, 2022). "Johnstown Galleria sold for more than $3 million at online auction". The Tribune-Democrat. Retrieved 7 February 2023.
  31. ^ Havener, Crispin (10 October 2022). "'I fell in love': New owner of The Johnstown Galleria says hands on approach can save mall". WJAC. Retrieved 7 February 2023.
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40°17′59″N 78°50′02″W / 40.29966°N 78.83394°W / 40.29966; -78.83394

Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/The_Johnstown_Galleria
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