Neshaminy Mall with Vacant Spaces Hits the Market, Posing Redevelopment Potential

Half-empty Neshaminy Mall comes up for sale, offers redevelopment opportunity

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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