Lake Square Mall Explained

Lake Square Mall
Location:Leesburg, Florida, United States
Coordinates:28.825°N -81.7845°W
Address:10401 U.S. Route 441
Opening Date:September 24, 1980
Developer:General Growth Properties
Owner:Exclusive Management and Properties, Inc
Number Of Anchors:4 (2 open, 2 vacant)
Floor Area:[1]
Floors:1
Publictransit: LakeXpress bus: 1

Lake Square Mall (briefly known as ViaPort Florida) is an enclosed shopping mall in Leesburg, Florida, United States. Opened on September 24, 1980, it is managed by Exclusive Management and Properties. The mall's anchor stores are Belk and an entertainment center named Via Entertainment.

History

The mall was built in 1980 by General Growth Properties, with Belk Lindsey, J. C. Penney, and Sears as the anchor stores. An expansion comprising Target was first proposed in 1989,[2] as part of an expansion that added ten new storefronts.[3] Target opened in March 1992.[4]

In 1995, the movie theater complex, owned by AMC Theatres, expanded from six screens to twelve.[5] Also, Belk expanded its store into an adjacent storefront previously occupied by Rite Aid.[6] A year later, the J. C. Penney store was remodeled, and a stage was removed from center court.[7] Simon Property Group and Macerich bought the mall in 1997, just after Books-A-Million was added.[8] [9] PetSmart was added in 2011.[10]

The closure of the Target store was announced in November 2013.[11] That same month, Macerich put the mall up for auction, and by March 2014, sold it to Kohan Retail Investment Group.[12] Target ended up closing on February 1, 2014. In January 2014, it was announced that JCPenney would be closing its store by May 2014,[13] and would officially close on May 3, 2014. On September 3, 2014, Kohan sold the mall at an undisclosed amount to Via Properties of Istanbul, Turkey, who renovated the mall into ViaPort Florida.[14]

In 2017, ViaPort Florida was purchased by Exclusive Management and Properties, Inc. The new owners changed the name back to Lake Square Mall, and they announced their plans to cut down the vacancy rate and renovate the mall's facade.[15]

On August 31, 2019, it was announced that Sears would be closing this location a part of a plan to close 92 stores nationwide. The store closed in mid-December 2019.[16]

External links

Notes and References

  1. Web site: Mall profile. Macerich. 3 April 2013.
  2. Web site: Talks Under Way To Open Discount Store In Lake Square Mall. Van Herik. Ed. 4 November 1989. The Orlando Sentinel. 3 April 2013.
  3. Web site: Construction at mall stays on target. Weber. Dave. 12 October 1991. The Orlando Sentinel. 3 April 2013.
  4. Web site: Target Store Will Open On Sunday. Jorden Spitz. Jill. 11 March 1992. The Orlando Sentinel. 3 April 2013.
  5. Web site: Amc Lake Square 6 Planning To Expand To 12 Screens By Fall. Coole. Terri. 29 January 1995. The Orlando Sentinel. 3 April 2013.
  6. Web site: Remodeled, Expanded Belk Opens At Lake Square Mall. Weber. Dave. 5 November 1995. The Orlando Sentinel. 3 April 2013.
  7. Web site: Lake Square Mall In Leesburg Continuing To Evolve. Sheckler. Sara. 29 September 1996. The Orlando Sentinel. 3 April 2013.
  8. Web site: Lake Square Mall Bought By Debartolo. Fernandez. Don. 30 December 1997. The Orlando Sentinel. 3 April 2013.
  9. Web site: Simon-Macerich buy 12 IBM malls. January–February 1998. Shopping Centers Today. 3 April 2013.
  10. Web site: PetSmart expected to open at Lake Square Mall in Leesburg this summer. Show. Christine. 26 January 2011. The Orlando Sentinel. 3 April 2013.
  11. Web site: Target at Lake Square Mall, an anchor store, will close Feb. 1. Ruano González. Eloísa. 5 November 2013. The Orlando Sentinel. 14 November 2013.
  12. Web site: Struggling Lake Square Mall to go on auction block. Ruano González. Eloísa. 11 November 2013. The Orlando Sentinel. 14 November 2013.
  13. Web site: J.C. Penney closing 33 stores, laying off 2,000. .
  14. http://www.dailycommercial.com/news/article_547b9097-1538-56b6-9923-7fe9b7483898{{dead link|date=July 2016 |bot=InternetArchiveBot |fix-attempted=yes }}
  15. Web site: Via Port Florida mall sold for $23 million, new owners vow to cut vacancy rate. Jason. Ruiter.
  16. News: Tyko . Kelly . Kmart, Sears store closings: More locations to shutter by end of 2019 . August 31, 2019 . USA Today . August 31, 2019.