Mainebiz

August 21, 2017

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W W W. M A I N E B I Z . B I Z 15 A U G U S T 2 1 , 2 0 1 7 F O C U S G R E AT E R B A N G O R announced in January, due to declin- ing store tra c, in order to focus on new marketing strategies like online buying and mobile-enabled shop- ping, according to a Macy's press release. CBRE| e Boulos Co. broker Charles Day says he is brokering the property. On Loopnet, Macy's is listed as , square feet on two oors, with the possibility of dividing it into pieces as small as , square feet, and an introductory rental rate listed at per square foot. Macy's was one of the big-four anchors. e three remaining are J.C. Penney, Sears and Dick's Sporting Goods. But there's still some ux. Earlier this year, Sears' parent, Sears Holdings Corp., announced the closure of Sears stores and Kmarts, due to "continued softness in store tra c and elevated price competition." e Bangor Mall's Sears was spared, although a nearby Kmart, which is not in the Bangor Mall, was closed in April. Smaller stores have closed or moved, too. e last permanent ten- ant in what is now Ao Luxe was Motherhood Maternity, followed by several temporary tenants. Changing the retail landscape Tackling this shifting landscape and, at times, revolving-door vacancies, the Bangor Mall is pursuing a variety of strategies, says Gerety. Strategies include: ¡ Recruit non-traditional tenants o ering "experience" over wares ¡ Recruit tenants that are proven draws, like Starbucks as a brand, and bridal goods as a niche www.bhbt.com • 888-853-7100 Adam enjoys fishing. He has learned how to choose the right location, bait, and cast to yield the best results. Learn how the traits that have made Adam a successful angler, patience and thoughtful planning, can be applied to your business. He may even tell you the story about the big one that got away. Call Adam today to guide you on your next business venture. Meet Adam Robertson, Business Banker and Fisherman 207.989.4824 We will take care of this one. Sensible Solu ons. Environmental Site Assessments Brownfield Redevelopment Asbestos and Indoor Air Quality Pollu on Preven on and Compliance SPCC Plans, SWPPP, and C s Federal and State Permi ng Remedia on Waste Management Geology/Hydrogeology You take care of this summer hazard... C O N T I N U E D O N F O L L OW I N G PA G E » Bangor Mall 663 Stillwater Ave., Bangor Opened: 1978 Anchors: Sears, JCPenney and Dick's Sporting Goods Opened: 1978 Developer: Kravco Co., based in Radnor, Pa. Owner: Simon Property Group (NYSE: SPG), which also owns Kittery Premium Outlets Specs: 92 acres. Four anchor spaces (Macy's closed in January) and 75 inline retailers. It has parking for 3,500 cars. Contact: 207-947-7334

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