An international real estate firm has purchased the property at the Midtown Mall in Anchorage where Sears was once located, citing the potential for economic growth in a city that’s a growing global cargo hub.
The purchase does not include the space occupied by REI on the mall’s west side, and several small businesses near the outdoor retailer, said Amber Russo, marketing director for the Midtown Mall. That area is owned by Denali Commercial and Carr Family Properties, Russo said.closedBefore Sears’ departure, the indoor shopping center that opened in 1968 had previously been known as The Mall at Sears.
Ami Ziff, director of national retail for Time Equities, said in an email that a vacant second floor the company has acquired could potentially be turned into retail space or be put to some other use to attract more people to the mall.In its statement, Time Equities said the purchases are its first in Alaska. It cited the Ted Stevens Anchorage International Airport,The empty Sears warehouse sits on almost 8 acres and is just a few miles from the airport and the Port of Alaska, the company noted.
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