Tuesday, November 23, 2010

Staunton Mall sold to New York company

The Staunton Mall, located on Greenville Avenue in the central Shenandoah Valley city of Staunton, has been sold to a New York company for $4.05 million, according to local news reports.

The mall's new owner, Staunton Mall Realty Management LLC, is based at a real estate company in the Long Island neighborhood of Little Neck. In courthouse records, Mehran Kohansieh is listed as a principal....

"I'm hoping we'll see some new energy at the mall," said Greater Augusta Chamber of Commerce president Linda Hershey.
When Books-A-Million pulled out of the mall two years ago and moved to Waynesboro, it took a much business with it.

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