CHICAGO — Chicago-based Urban Retail Properties (URP) has been awarded the management of five regional shopping centers totaling more than 3.5 million square feet of space. The first center is Mount Berry Square Mall in Rome, Ga.; the second property is Bradley Square Mall in Cleveland, Tenn.; and the third mall is Shenango Valley Mall in Hermitage, Pa. Sears and JCPenney anchor all three centers. Additional anchors include Belk at Mount Berry Square and Bradley Square, Kmart at Bradley Square and Macy's at Shenango Valley Mall.
“URP hit the ground running by securing nine major anchor renewals at the three centers within the first month that it took over,” said Paul Motta, president of leasing for URP, in a statement.
The other two properties, which are owned by Midwest Mall Properties, include The Citadel in Colorado Springs, Colo., and Northwest Arkansas Mall in Fayetteville, Ark. Anchors at The Citadel include Dillard's, JCPenney, Burlington Coat Factory and Sportsman's Warehouse. Anchors at Northwest Arkansas Mall include Dillard's, JCPenney and Sears.
Earlier this year, URP was also awarded the management contracts for Tri-County Mall in Cincinnati and Village Mall in Danville, Ill., which together total approximately 2 million square feet.
— Coleman Wood