Type | Private |
---|---|
Industry | Retail |
Founded | 1949 |
Founders | William M. Cafaro and John A. Cafaro |
Headquarters | Niles, Ohio, U.S. |
Area served | United States |
Services | Property management Real estate development |
Website | www.cafarocompany.com |
The Cafaro Company is an American property management and real estate development company which owns several retail shopping centers throughout the United States. Based in Niles, Ohio, it is the largest privately owned shopping center development and management company in the U.S., managing more than 30,000,000 square feet (2,800,000 m2) of commercial real estate throughout the country. [1] [2]
Brothers William M. Cafaro and John A. Cafaro began developing grocery stores for Kroger starting in 1942. [3] In 1949, the Cafaros formed the Cafaro Company and moved on to developing shopping centers, starting with a grocery plaza in Sharon, Pennsylvania. The two brothers managed the non-grocery tenants in the centers they developed. In 1965, they opened their first regional mall property, American Mall in Lima, Ohio. [1] The company’s first regional mall projects were localized to Ohio, Michigan, Indiana, Pennsylvania, and West Virginia throughout the 1970s and 1980s. [1] In 1970, Cafaro opened the first enclosed mall in Iowa, Kennedy Mall in Dubuque. [3] In 1988, Target Corporation asked the company to develop centers for the retailer in the Pacific Northwest, expanding the company portfolio to Washington and Oregon. [1] In April 1998, William M. Cafaro passed and his son, Anthony M. Cafaro, Sr. took over as president after having overseen leasing and construction operations since 1969. [3]
Leading in to the 21st century, the Cafaro Company divulged in portfolio diversification with projects such as the Eastwood Field baseball park and multi-function complexes such as the renovated Millcreek Mall and Spotsylvania Towne Centre. [3] Anthony M. Cafaro, Sr., retired as president of the Cafaro Company in December 2009, and was succeeded by his sons Anthony Cafaro, Jr. and William A. Cafaro. [4] Under their leadership, the company has made investments in residential real estate.
Property Name | Location |
---|---|
American Mall | Lima, Ohio |
Ashtabula Towne Square | Ashtabula, Ohio |
Beaver Valley Mall | Monaca, Pennsylvania |
Charleston Town Center | Charleston, West Virginia |
Eastgate Plaza (formerly Eastgate Mall) | Wichita, Kansas |
Five Points Mall (formerly North Park Mall) | Marion, Indiana |
Fort Saginaw Mall | Saginaw, Michigan |
Marion Centre (formerly Southland Mall) | Marion, Ohio |
McGuffey Mall | Youngstown, Ohio |
Southern Park Mall (co-developer) | Boardman, Ohio |
Tallahassee Mall | Tallahassee, Florida |
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. It is responsible for the property management of the company's real estate portfolio, which includes facilities in the office, multi-family residential, retail, hospitality, and logistics industries.
GGP Inc. was an American commercial real estate company and the second-largest shopping mall operator in the United States. It was founded by brothers Martin, Matthew and Maurice Bucksbaum in Cedar Rapids, Iowa in 1954, and was headquartered in Chicago, Illinois from 2000. It was subject to the largest real estate bankruptcy in American history at the time of its filing in 2009.
The Rouse Company, founded by Hunter Moss and James W. Rouse in 1939, was a publicly held shopping mall and community developer from 1956 until 2004, when General Growth Properties (GGP) purchased the company.
The Mills Corporation was a publicly traded real estate investment trust headquartered in Chevy Chase, Maryland, United States, acquired on April 3, 2007 by an investment group composed of Simon Property Group and Farallon Capital Management. The company developed, owned, and operated major super-regional shopping malls. The company built 18 "Landmark" centers in which the malls were named after "Mills", like "Vaughan Mills", or "St. Louis Mills"; and also over 20 "21st Century Retail" regional malls that they started operating in 2002, like Del Amo Fashion Center and Southdale Center. Most former Mills facilities have a large movie theater from 10–30 screens, and a large food court. Their facilities were normally built in colorful modern/abstract architectural designs, but in recent years have been renovated to more conventional designs with mainly neutral colors. Simon Property Group assumed management of the former Mills properties after the acquisition, and is operating the former "Landmark Mills" group as a separate operating segment within its organization.
The Cherry Hill Mall, owned by Pennsylvania Real Estate Investment Trust (PREIT), was originally known as Cherry Hill Shopping Center, commonly reported as the first indoor, climate-controlled shopping center east of the Mississippi River in the United States, and opened on October 11, 1961. Cherry Hill Mall is located in Cherry Hill, New Jersey and is bound by Route 38, Haddonfield Road, Church Road, and Cherry Hill Mall Drive.
Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. Worldwide, it owns interests in 232 properties comprising approximately 241,000,000 square feet (22,400,000 m2) of gross leasable area in North America and Asia.
The Southern Park Mall is a shopping mall in Boardman, Ohio, United States, serving the Youngstown–Warren metropolitan area. It was developed by the Edward J. DeBartolo Corporation in 1970, and is now owned by Washington Prime Group. The mall, which is the largest shopping destination in Mahoning County, has approximately 1,018,400 square feet (94,610 m2) of space. Its anchor stores are JCPenney and Macy's, with junior anchors H&M and Planet Fitness.
Forest City Realty Trust, Inc. was a real estate investment trust that invested in office buildings, shopping centers and apartments in Boston, Chicago, Dallas, Denver, Los Angeles, Philadelphia, and the greater metropolitan areas of New York City, San Francisco and Washington, D.C. The company was organized in Maryland with its headquarters in Cleveland, Ohio. As of December 31, 2017, the company owned 29 office buildings, 29 shopping centers, and 78 apartment complexes. On December 7, 2018, the company was acquired by Brookfield Asset Management.
The Eastwood Mall is an indoor shopping center in Niles, Ohio, United States, serving the Youngstown–Warren metropolitan area. It is owned by the Cafaro Company. Its anchor stores are Boscov's, Dillard's, JCPenney, Macy's, and Target. The mall contains over 50 stores and restaurants across 1,600,000 sq ft (150,000 m2) of space.
Ivanhoé Cambridge Inc. is a Canadian real estate company based in Montreal, Quebec. With assets around the globe, its areas of activity are investment, development, asset management, operations and leasing. The company's real estate portfolio consists primarily of multi-residential properties, industrial/logistics real estate, shopping centres and office properties. It also has ownership interests in real estate investment funds and hotels. Ivanhoé Cambridge is a subsidiary of the Caisse de dépôt et placement du Québec.
Cedar Realty Trust, Inc. is a publicly traded real estate investment trust that invests in shopping centers in the Mid-Atlantic states.
William M. Cafaro was an American pioneer in mall development who founded the Cafaro Company, one of the nation's largest commercial real estate developers.
Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56 million square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Village District.
Homart Development Company, a Chicago-based subsidiary of Sears, was one of the largest builders of shopping centers and malls in the United States from 1959 to 1995.
Matthew Bucksbaum was an American businessman and philanthropist. Matthew and his brothers Martin and Maurice co-founded General Growth Properties.
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
Phillips Edison & Company is an American REIT that owns and develops shopping center throughout the United States. Founded in 1991, the Company is headquartered in Sycamore Township, Ohio, and has offices in Salt Lake City, Utah, New York City, New York and Atlanta, Georgia. The company wholly owns 268 shopping centers and has partial ownership interest in 21 other facilities in a combined 31 states. Its largest tenants by square footage leases included: Publix, Kroger, Albertsons, and Walmart.
Murray H. Goodman is an American real estate developer, philanthropist, and founder of Goodman Properties. He is Lehigh University's most generous living benefactor, and the Goodman Campus and 16,000-seat Goodman Stadium are named in his honor.
Zamias Services, Inc. is a commercial real estate leasing and management company based in Johnstown, Pennsylvania. The company was created by shopping mall developer George D. Zamias and traces its history back to 1957.
Namdar Realty Group is an American shopping mall investment company based in Great Neck, New York. They primarily purchase troubled shopping malls with partner Mason Asset Management. Namdar and Mason are both family owned, and as of 2021, own over 400 properties including 100 plus malls.