Granite Run Mall is For Sale

A New York-based real estate firm has been retained to seek investors.

The Granite Run Mall is for sale.

However, the mall is not closing, according to the mall's Director of Marketing Aubrey Proud.

Rockwood Real Estate Advisors, a New York-based firm, has been retained to seek qualified investors to acquire "free and clear" a 100 percent interest in the mall, according to Rockwood website.

A Rockwood broker did not immediately return a request for comment.

The 57-acre property, solely owned, includes the mall, Acme, Kohl's, Sears Auto, AMC movie theater, and the strip of stores and restaurants along Baltimore Pike in front of the movie theater. Riddle Ale House and McDonald's are not part of the property.

The mall was built in 1974 and renovated in 1993.

On Jan. 1, 2013, the property was assessed at $47,250,000 million, according to Delaware County real estate documents

In early 2011, there were widespread rumors that the mall was closing however that was not the case than and continues to not be true.

In April 2011, the mall came under new management with Madison Marquette and has seen several improvements and new business ventures inside the mall, including a dinosaur museum, karate club, and recently a new roast beef restaurant.

Tony Ieradi April 09, 2013 at 11:09 AM
Well at least the current owners gave a go of it. As a community group in SAVE MIDDLETOWN, we had always wished the owners of the Mint would have taken an interest in that property - as it was a natural traffic location to attract shoppers in a revised setting (read re-built). Hopefully someone will take an interest.
Mike M April 10, 2013 at 09:26 AM
AMEN! Any chance we can make that happen?
Geoff P. April 10, 2013 at 11:34 AM
We need to make sure the current businesses there aren't forced to close in the process.
KB Cate April 10, 2013 at 01:42 PM
It never ceases to amaze me that this location cannot attract some of the stores that opened in the Brinton Lake, Rt. 322 area over the past several years. How many people from this part of Delaware County have to drive to KOP or Delaware to find decent/varied stores? Here's what we need or what would be successful on the property of Granite Run Mall. Someone, please, if I had the money I would do it...Open a Sonic drive through. It is a no brainer. Christmas Tree Shoppe Anyone? The newest owner's of the mall did do a great job in trying to revive the place. Hats off to them. Hopefully whomever buys it will add new, varied stores.
will ball April 10, 2013 at 09:36 PM
Granite Run's biggest problem? Theft. This is why retailers are closing and nobody shops there.
Phillysuburb April 11, 2013 at 09:33 PM
A sonic Drive through? Seriously???Don't we have enough fast food? How about a nice family restaurant? Think California Pizza Kitchen or a large Clean diner with good food. Updated movie theaters? Panera Bread? And a nicer supermarket with more reasonable prices would be great. The granite run mall caters more to residents of Chester city than Media. Sad
Rob Miller April 12, 2013 at 07:57 PM
what's that mean?
PhillyRes April 13, 2013 at 11:33 AM
I tend to agree actually, I think there is a better way of making your statement, but I am inclined to go to a mall, stay longer, and shop more where there is a better dining experience. You can get fast food anywhere but bringing in sit down restaurants encourages people to come and spend more time. I am not familiar with the ins and outs of mall operation so I couldn't tell you statistically whether this works with other people or just me but looking at all the large sit down restaurants at the KOP mall, look at the lines for them, compare the mall traffic. Seems like a reasonable assumption to me that nicer sit down restaurants help attract mall shoppers.
PhillyRes April 13, 2013 at 11:35 AM
@Mike M, sure just have to find 47 million dollars plus renovations costs :)
Addie Cocchi April 13, 2013 at 01:56 PM
They need to get rid of the riff raff that hangs in there on the weekends. It used to be a great Mall, I beleive, the first in Delco, It could be again with the right stores.
g April 13, 2013 at 09:24 PM
Hooray! Granite Run mall needs to go. Have to keep up with the times. We will just have to hope for best. Put on your thinking caps developers---you're up!
rose s. May 06, 2013 at 09:54 PM
well last time I was in GRM I ran in for a waterice at Rita's took about 5 minutes. When I came out my window was smashed and gps stolen, security was busy responding to 2 other break ins at the same time. yes, I'm tired of driving to Christiana and KofP too. (Concord is getting as bad as GRM), We have tons of high income people in this area, too bad we can't attract businesses that would serve our needs.


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something