Quality Shopping Malls in Booming/Emerging Markets

CityView Commercial is a real estate investment firm with a focus on the acquisition development of distressed retail assets. We own a portfolio of malls, shopping centers and other retail properties in high-density areas.

CityView Commercial is also the real estate arm for urban retailer Jimmy Jazz stores. The firm maintains a retail alliance with Jimmy Jazz, whose immediate value is added to urban retail acquisitions.

Case Studies

Palmer Park

A regional mall in Easton, PA, ‘Palmer Park’ is a business venture of CityView Commercial. It is built on a space of 457,000 square-foot. Palmer Park brings exciting retail options for fashion, entertainment and apparel businesses. The company acquired this shopping mall in 2015.

Key Features:

  • 457,000 square-foot space
  • Full Return on Equity Expected by 2018
  • $500/square-foot in sales by the end of the year 2018
  • Retail Anchors: Boscov’s (192,000 square-foot) & Bon-Ton (122,000 square-foot)
  • Brought NOI up over 40%
  • Refinanced 80% of Equity
Security Square

Built in 1972, Security Square was bought by CityView Commercial in 2010. Covering an area of 1,000,000 square foot, this mall continues to enjoy a 100% occupancy rate with 120 stores operating under the same roof.

Key Features:

  • 1 million square foot space
  • Completely Refinanced
  • Brought NOI up over 60%
  • Occupancy Rate: 100%
  • 120 Stores
Glynn Place Mall

Located in Brunswick, Georgia, CityView Commercial purchased this shopping mall in 2012. It offers a premium shopping experience. There are currently 59 stores operated by fashion brands, apparel stores, and other service-related businesses.

Key Features:

  • Location: Brunswick, Georgia
  • 502,792 square foot space
  • Retail Anchors: Belk, JCPenney, Sears
  • 59 Stores
  • Current Occupancy Rate: 95%
  • Brought up the NOI by 70%
  • 100% Return on Equity
  • Accompanied by a $5 Million Movie Theater
Eastridge Mall

On the 17th of September 2013, CityView Commercial purchased Eastridge Mall from Westfield. It is a high cash flow property which has undergone significant renovations over the past few years. The mall offers a unique shopping experience that invites consumers to shop and is no less a destination for them to spend their day.

Eastridge Mall features 70+ stories, and various brands covering an area of 919,557 sq ft.

Key Features:

  • Location: Gastonia, NC
  • 919,557 square foot space
  • Retail Anchors: Matthews Belk & Dillard’s
  • 100% Return on Equity from Cash Flow