The Neshaminy Mall, with Vacancies, Hits the Market Amidst Declining Mall Values and Growing Interest in Redevelopment Opportunities. The Neshaminy Mall, a sprawling 1 million-square-foot property owned by Brookfield Properties, has been listed for sale, signaling a pivotal moment for malls grappling with decreasing foot traffic and changing consumer preferences. Industry insiders suggest the property could fetch around $25 million. Situated at a prominent location in Bucks County, near the intersection of I-276 and Route 1, the mall currently operates at approximately 50% occupancy. Spanning 91 acres in Bensalem, the site presents significant redevelopment potential, mirroring a trend seen among mall owners nationwide who seek to revitalize aging retail centers.

*Article courtesy of Philadelphia Business Journal

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