(Ian Ritter is national online editor for GlobeSt.com/RETAIL.)
YONKERS-A private developer here has hired the Macerich Co., to lease, manage and expand the one-million-sf Cross County Shopping Center. Renovation plans call for the addition of 245,375 sf of lifestyle-center space to the Sears- and Macy's-anchored mall, Michael Busenhart, a Macerich senior vice president, tells GlobeSt.com.
The owner of Cross County is a group of private investors under the name Brooks Shopping Center LLC, which is represented by the New York City-based investment firm Benenson Capital Partners. Cross County was built in 1954 and is at the intersection of Cross County Parkway and Interstate-87.
The center has about 90 specialty tenants, and its sales per sf are more than $525, according to the firms. The mall's site also features an eight-story office building.
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