1. Walden Galleria in Cheektowaga, N.Y.—$270 million
Walden Galleria in Cheektowaga, N.Y. carries a $270 million loan. The mall’s anchor line-up includes a 141,636-sq.-ft. J.C. Penney and an 82,621-sq.-ft. Sears, in addition to Macy’s and Lord & Taylor stores.
2. Newport Centre in Jersey City, N.J.—$194 million
Newport Centre in Jersey City, N.J. has a $194 million loan balance. The mall is home to a 192,889-sq.-ft. Sears and a 180,000-sq.-ft. J.C. Penney, plus Kohl’s and Macy’s.
3. Montclair Plaza in Montclair, Calif.—$190 million
Montclair Plaza in Montclair, Calif. features a $190 million loan balance. J.C. Penney occupies 179,708 sq. ft. at the center and Sears 174,675 sq. ft. Macy’s and Nordstrom serve as defensive players.
4. Sunvalley Shopping Center in Concord, Calif.—$187 million
Sunvalley Shopping Center in Concord, Calif. carries a $187 million loan. The property includes a 192,872-sq.-ft. Sears store and a 168,763-sq.-ft. J.C. Penney store. Macy’s rounds up the list of anchors.
5. Woodbridge Center in Woodbridge, N.J.—$185.9 million
Woodbridge Center in Woodbridge, N.J. is encumbered by a $185.9 million loan. It houses a 173,594-sq.-ft. J.C. Penney and an 81,704-sq.-ft. Sears, plus Macy’s, Lord & Taylor and Boscov’s.
6. Glenbrook Square Mall in Fort Wayne, Ind.—$160.8 million
Glenbrook Square Mall in Fort Wayne, Ind. carries a $160.8 million loan. Sears occupies 221,00 sq. ft. of space at the property, J.C. Penney occupies 191,671 sq. ft. The third department store at Glenbrook Square is Macy’s.
7. Town East Mall in Mesquite, Texas—$160 million
Town East Mall in Mesquite, Texas currently has a $160 million loan balance. The mall is occupied by a 70,807-sq.-ft. Sears store and a 62,477-sq.-ft. J.C. Penney. Macy’s and Dillard’s co-anchor the property.
8. Park City Center in Lancaster, Pa.—$150.3 million
Park City Center in Lancaster, Pa. is encumbered by a $150.3 million loan. J.C. Penney operates a 243,446-sq.-ft. location at the center and Sears operates a 158,239-sq.-ft. store. Other tenants include Bon-Ton’s, Boscov’s and Kohl’s.
9. Tanforan Shopping Center in San Bruno, Calif.—$141.4 million
Tanforan Shopping Center in San Bruno, Calif. carries a loan balance of $141.4 million. It has a 234,191-sq.-ft. Sears and 186,016-sq.-ft. J.C. Penney as anchors, in addition to Target.
10. Westfield Southlake in Merrillville, Ind.—$140 million
Westfield Southlake in Merrillville, Ind. comes with a $140 million loan. The mall’s anchor line-up includes a 216,982-sq.-ft. Sears and a 166,145-sq.-ft. J.C. Penney. Macy’s and Carson Pirie Scott complete the line-up.
