Five Points Mall
| Location | Marion, Indiana United States |
|---|---|
| Coordinates | Coordinates: 40°34′28″N 85°40′48″W / 40.574512°N 85.679882°W |
| Address |
1129 North Baldwin Avenue Marion, IN 46952 |
| Opening date | 1978[1] |
| Management | Jim McDowell[1] |
| Owner | Select Strategies |
| No. of stores and services | 20+ |
| No. of anchor tenants | 1 |
| Total retail floor area | 464,827 square feet[1] |
| No. of floors | 1 |
Five Points Mall, formerly North Park Mall, is an enclosed shopping mall in Marion, Indiana. Opened in 1978, it features Carson's and Roses Discount Store as its anchor stores. Outparcel properties include a free-standing Ruler Foods grocery store and Jo-Ann as well as several restaurants, including Subway Restaurant and Buffalo Wild Wings. It is managed by Select Strategies.[2]
History
Five Points Mall opening in 1978 as North Park Mall. One of its original anchor stores was Hills Department Store, which became Ames in 1998. Other early tenants included a Hank's Supermarket (which later became part of Lance's New Market) and H. P. Wasson and Company, which became Meis, then Elder-Beerman, and finally Carson's in 2011. Sears was later added. The movie theater, also an original tenant, closed in the late 1990s. In 2013, the Sears closed as a result of low sales of the 2011 holiday season.
On January 15, 2014, J.C. Penney announced it was closing 33 underperforming stores (including the Marion store located in this mall) and laying off 2,000 employees.[3] CEO Myron Ullman explained in a news release, “As we continue to progress toward long-term profitable growth, it is necessary to reexamine the financial performance of our store portfolio and adjust our national footprint accordingly.”[4]
Anchors
Current
- Carson's (opened 1978 as Meis, converted to Elder-Beerman in 1988, renovated and reopened as Carson's in 2013) 55,526 square feet
- Roses Discount Store
This Rose's is the very first store in Indiana.
Former
- Ames (store) (opened 1978 as Hills Department Store, converted to Ames in 1998, closed 2002; renovated and reopened as Steve & Barry's in 2003 - currently occupied by Roses) 91,056 square feet
- JCPenney (1978-2014) 191,617 square feet
- Sears (1990-2013) 66,463 square feet
- Steve & Barry's (2004-2008)
References
- 1 2 3 "Five Points Mall (from Capital Real Estate Advisors)" (PDF). Retrieved 11 May 2014.
- ↑ "Marion mall, owner moving forward with new tenants and a grocery store". Indiana Economic Digest. Retrieved 11 May 2014.
- ↑ Davidson, Paul (15 January 2014). "J.C. Penney closing 33 stores, laying off 2,000". USA Today. Retrieved January 15, 2014.
- ↑ "J C Penney closing 30 stores". USA Herald. Retrieved 17 January 2014.