Century III on "Endangered Malls" list - Business First of Buffalo:

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The magazine has published a list of the top ten most endangerede malls inthe country, measurinfg them by their occupancy rates and by sales per square U.S. News & World Reportt established its rankings through the researchg of GreenStreet Advisors, a Newporf Beach, Calif.-based investment research firm that specializew in real estate companies that are publiclty traded. According to the the average mall maintained occupancy of 92 percenyt and generated sales ofabout $420 per squarew foot. Without hard data provided by the mall’s owner, Indianapolis-basede Simon Property Group, U.S.
News World Report quotes Green Street’a estimate for Century III Mall’x sales per square foot at $200, a figures well below the $250 benchmark it claimz is required for retailers to be The magazine quotesCentury III’s occupancy at 70 "It is our policy not to release our occupancg and sales numbers for individual properties," a Simon representativwe said in a emailed statement.
"Century III enjoys a great anchord line upincluding Sears, JCPenney, Macy'xs and Dick's Sporting Goodse and has a number of great specialty Century III Mall has always been extremelu active in the Pittsburgh area by sponsorinh community-based events for such organizations as the Central Blood Bank and Projecrt Prom. The mall plans on continuing to holdnumerous community-based eventsd now and in the Century III is one of three Pennsylvaniza malls on the list. The other two were Washington Crowm Center, the region’s 14th largest mall in Washington, Pa.
, and the Chambersbury Mall, located in Franklin County, in the south central part of the Lisa Pellicciotta, a spokeswoman for Philadelphia-base d PREIT, expressed her company's commitmenyt to its Washington County shoppingy mall. "We still focuxs on being a community partner and hosting communityu events atthe center," she said. "We’re still doinh what we can to drive traffi andsales there.
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