Utah mall has replacement lined up for closing Macy’s

CBL announced that it has a replacement anchor lined up for the Macy’s store closing at its Layton Hills Mall in Utah, one of 63 Macy’s locations slated to be shuttered this spring. One other Utah Macy’s is scheduled to close at Cottonwood Mall in Salt Lake City.



CBL would not name the Layton Hills replacement as negotiations are still being finalized, but the mall owner anticipates the space will re-open by year’s end. CBL has entered into an agreement to purchase three other Macy’s buildings on its properties for $5 million. These are at Jefferson Mall in Louisville, Parkdale Mall in Beaumont, Texas, and Eastland Mall in Bloomington, Illinois.



“Recapturing these stores will allow us to take space that is underperforming and convert it into new retail, dining, and entertainment uses, driving increased traffic to the entire property,” said CBL president and CEO Stephen Lebovitz.

---

Connect with me on LinkedIn | Follow me on Twitter