Midway Mall (Sherman, Texas) Explained

Midway Mall
Location:Sherman, Texas, United States
Address:4800 Texoma Pkwy
Opening Date:1986[1]
Owner:TNP Sites LLC
Number Of Stores:<5 (more than 70 at its peak)
Number Of Anchors:5 (2 open, 3 vacant)
Floor Area:606,494
Floors:1
Parking:3,451

The Midway Mall is the only shopping mall in the areas of far North Texas and Southern Oklahoma. The mall is also the only mall outside of the greater Dallas/Fort Worth area and central Oklahoma. The mall sits about one mile east of US Highway 75. The Sherman and Denison, Texas area have a population of about 150,000.[2]

History

The site of the Midway Mall was originally a Sears, with the rest of the property being developed around it.[3] The Midway Mall opened in 1986 with the anchor stores Dillard's, Bealls, JC Penney, Mervyn's, and Sears.[3] In 2007, the Midway Mall lost its JC Penney, after the chain moved four miles south to the Sherman Town Center.[3] On August 20, 2010, it was announced that the mall would be sold to TNP Sites after the Simon Property Group managed the property for 24 years.[4] On June 6, 2017, Sears announced that it would be closing its Sherman store and Auto Center. This was one of 70 properties that the company announced would close. The store closed early in September 2017.[5] Within the last 10 years, the Midway Mall has become a dead mall, as it has been documented on various YouTube channels.[6] On May 6, 2021, the city of Sherman announced there was a contract to sell the mall. According to the Grayson County Assessor, the property is valued at $1.5 million and is no longer for sale, it was purchased by Mustard Street Management.[7] Repairs are currently being worked on in phases, the first repair was replacing air conditioning.

Notes and References

  1. Web site: Site Plan. https://web.archive.org/web/20160901180547/http://www.loopnet.com/Attachments/0/7/6/0760FFE0-E3DA-4A39-9D1D-52A62A0152F7.pdf. 2016-09-01. 2016-09-01.
  2. Web site: Midway Mall in Sherman Texas. 2021-09-06.
  3. News: Midway Mall Sherman, Texas. 2009-01-27.
  4. News: Midway Mall in Sherman Sold to TNP, LLC. 2010-08-20.
  5. News: Sherman Sears store closing. 2017-06-06.
  6. midway mall sherman dead mall. 2021-09-07.
  7. News: Midway Mall could see a new life. 2021-05-06.