The 35-year-old Eastland Mall is getting a new lease on life. Columbus based Glimcher Realty Trust announced today it will buy Eastland Mall from the Cleveland-based Richard Jacobs group. Glimcher also annouced Eastland will soon have a fourth anchor store. As Glimcher announced it was buying the east Columbus retail center, it announced that the Kaufmann's department store chain will open an anchor store at Eastland. Kaufmann's plans to build a 120,000 square foot store at the mall and open it by the fall of 2005.
Glimcher's vice president of property management John Hoeller says the company is buying Eastland to capture the increasing number of shoppers living east of Columbus . Glimcher Realty Trust owns the Polaris Fashion Place Mall. The Eastland store will be Kufmann's fourth in central Ohio. Hoeller says his company hopes to close on the purchase of the mall in the next couple weeks. He would disclose the purchase price.
