The Johnstown Galleria

Last updated
The Johnstown Galleria
The Johnstown Galleria
Location Johnstown, Pennsylvania, United States [1]
Address500 Galleria Drive
Opening date1992 [2]
Developer Zamias Services, Inc. [3]
ManagementLeo Karruli [4]
OwnerLeo Karruli [4]
No. of stores and services38 [5]
No. of anchor tenants 4 [6]
Total retail floor area 894,646 square feet (83,120 m2) [7]
No. of floors2 [8]
Website The Galleria

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

Contents

History

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, JCPenney, 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 malls owners in 2018 won a tax reassessment from the Richland School District in court, reducing the malls 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 malls 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 malls 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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  2. 1 2 3 4 Piatek, Shawn (July 9, 2008). "Galleria sold to New York firm for $57 million". The Tribune-Democrat. Retrieved 3 March 2020.
  3. 1 2 Piatek, Shawn (July 9, 2008). "Mall sale spurs 'wait and see' reaction". The Tribune-Democrat. Retrieved 3 March 2020.
  4. 1 2 3 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.
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