Southlake Mall (Atlanta)
History
Southlake Mall opened in 1976 to serve the needs of the growing southside of Atlanta. When Southlake opened, its anchors were Rich's, Davison's, Sears, and JCPenney. Rich's eleventh suburban store debuted at the mall in August 1976. The two-story, 230,000-square-foot store also had a restaurant and snack bar.
The first major change was in 1986 - when the Davison's nameplate was changed to its parent company, Macy's. This lasted until 2003 - when Macy's closed all the older Davison's stores in Atlanta and consolidated to Rich's-Macy's. The standalone Macy's location closed in January 2003. The Rich's-Macy's store, once a standalone Rich's, lasted until 2005 - when it became a standalone Macy's.
The only major renovation to the center was in 1999. The updates included a relocation of the food court to the lower level and the addition of a carousel. The escalators were moved to either end of the mall rather than only one near the center. The fountain was removed from the downstairs area in front of Sears and Radio Shack to accommodate one of the escalators.
In January 2011, it was announced that JCPenney would close its store on June 1 of that year.
On February 5, 2013, the mall fell into foreclosure - after several years of decline. Anchor spaces were not included in the foreclosure.
General Growth Properties, then the mall's owner, which had just emerged itself in 2010 from bankruptcy, released its interests in the mall - citing its new focus to concentrate on stronger performing properties. The mall's mortgage was supervised for a short time in 2012 by C-III Asset Management before being sold to B Properties - a subsidiary of Bayer Properties that specializes in rehabilitating struggling malls.
On May 31, 2018, Sears announced that it would be closing its location at Southlake Mall in September 2018 as part of a plan to close 72 stores nationwide - leaving Macy's as the only anchor left.
The mall was sold to a joint venture between two New York real estate companies, CityView Commercial LLC and Jacobs Real Estate Advisors in January, 2019. The seller was Vintage Capital Group of Los Angeles.
List of anchor stores
| Name | No. of floors |
Year opened |
Year closed |
Notes |
|---|---|---|---|---|
| Davison's | 2 | 1976 | 1986 | |
| JCPenney | 2 | 1976 | 2011 | |
| Macy's | 2 | 1986 | 2003 | Replaced Davison's |
| 2 | 2003 | — | Replaced Rich's; co-branded Rich's–Macy's from 2003–2005 | |
| Rich's | 2 | 1976 | 2003 | |
| Sears | 2 | 1976 | 2018 |
References
- ^ Kass, Arielle (25 January 2011). "J.C. Penney to close 3 Atlanta-area stores". The Atlanta Journal-Constitution. Retrieved 28 September 2019.
- ^ Clemmons, Jeff (7 August 2012). Rich's: A Southern Institution. The History Press. ISBN 978-1609491918.
- ^ Brock, Ed (27 August 2003). "Mall space still open". Clayton News Daily. Retrieved 29 September 2019.
- ^ Trubey, Scott (7 February 2013). "Clayton's Southlake Mall foreclosed". The Atlanta Journal-Constitution. Retrieved 2 July 2013.
- ^ Kass, Arielle (12 September 2012). "Mall woes: Gwinnett Place changes hands, Southlake troubled". The Atlanta Journal-Constitution. Retrieved 2 July 2013.
- ^ Coyne, Amanda; Becca Godwin (31 May 2018). "Sears closing 3 'non-profitable' metro Atlanta stores". The Atlanta Journal-Constitution.
- ^ Smith, Aaron (31 May 2018). "Here are the 63 Sears and Kmart locations closing". CNN Business.
- ^ Trubey, J. Scott (6 February 2019). "Southlake Mall in Clayton County sold to New York owners". AJC.com. Retrieved 6 February 2019.