Business & Tech

Who's Going to Buy the Granite Run Mall?

The Granite Run Mall is for sale. Who will make the giant purchase?

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Courtney Elko, Patch StaffVerified Patch Staff Badge
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The Granite Run Mall is for sale. Who will make the giant purchase?

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 property was last assessed at $47,250,000 million, according to Delaware County real estate documents, which is more than $4.1 million less than the nearby Springfield Mall despite the Granite Run acreage being more than double in size.

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Below, see what other area malls are assessed at and who owns them. Maybe those owners are looking to pick up a second mall property?

 

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Mall Address Owned Acres Current Assessment Springfield Mall 1250 Baltimore Pike, Springfield, Delaware County

Owned by KS Springfield LP

24 $51,406,800 King of Prussia Mall 690 W. Dekalb Pike, King of Prussia, Montgomery County

Owned by King of Prussia Associates care of Simon Property Group

24 $63,411,075 Plymouth Meeting Mall 500 W. Germantown Pike, Plymouth Meeting, Montgomery County

Owned by Plymouth Ground Associates LP care of Preit

36 $52,755,970

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