NASSIMI REALTY COMPLETES NEXT PHASE OF 433,500-SQUARE-FOOT MALL RENOVATION

CANTON, OHIO — Nassimi Realty has completed the next phase of renovations for the 433,500-square-foot Canton Centre Mall, which is located on Tuscarawas Street West near downtown Canton. Completed improvements to the power center include the addition of a new 10,000-square-foot multi-tenant outlot building, façade renovations, and a partial de-malling of the interior space, including the opening of new storefronts and doors to the outside. New tenants in the renovated section of the building include Deb Shops, DOTS, Hibbet Sports and Sally Beauty. Canton Centre, which is currently anchored by JC Penney, is shadow-anchored by an approximately 200,000-square-foot Wal-Mart Supercenter. Plans are currently underway for the development of additional junior anchor stores and inline spaces for the remainder of the shopping center. Later renovation plans call for the redesign of the façade facing the Wal-Mart parking lot, a redesign of the entrance to the JC Penney building and the Whipple Avenue façade adjacent to JC Penney, the opening of additional store fronts, and an expansion of the existing Chase Bank drive thru into a full-service bank building. The estimated cost of completing the project was not disclosed.