Granite Run Mall sold to developer

Things could be changing at the Granite Run Mall property, which was sold to a developer. Credit: Google Maps
Things could be changing at the Granite Run Mall property, which was sold to a developer.
Credit: Google Maps

Granite Run Mall has been sold to a developer for $24 million.

The mall property, located at Baltimore Pike and Route 352 in Middletown, Delaware County, was purchased by a group led by Bruce E. Toll, who also serves as vice president of luxury home builder Toll Bros., the Delaware County Daily Times reports.

The Horsham-based group that purchased Granite Run Mall through a competitive bidding process does business as BET Investments. A Middletown councilman told the paper BET intends to convert the mall into a mixed-use development.

Madison Marquette, a Washington, D.C., firm has managed the struggling mall since 2011. It took over for a partnership between Simon Property Group and Macerich Co., which purchased the property in 1998 but defaulted on its $115 million mortgage in 2010.

Granite Run Mall opened in 1974. It is anchored by Sears, J.C. Penney and Boscov’s.


News
Entertainment
Sports
Lifestyle
Local

Oval oasis: Summer of fun kicks off this…

A bold partnership between the Fairmount Park Conservancy and the city's Parks and Recreation Department is kicking off this weekend with family activities re-activating this unused public space.

Local

African couple claiming misidentification in robbery case to…

At a bail hearing today for Vickson and Lorfu Korlewala, charged in the robbery of an 80-year-old woman, bail was reduced from $1 million total to $500,000.

International

Jews in eastern Ukraine ordered to register, Kerry…

Secretary of State John Kerry condemned reports that Jews in eastern Ukraine had been ordered to register with the authorities "or suffer the consequences."

National

Chelsea Clinton pregnant with first child

Chelsea Clinton is pregnant with her first child.

Television

Dick Wolf to bring fictionalized world of 'Law…

A&E has ordered a pilot called "D.O.A." from "Law and Order" mastermind Dick Wolf that will focus on real detectives reexamining cold cases. A trio…

Movies

Review: 'Transcendence' is not stupid but sometimes lacks…

The cyberthriller "Transcendence" explores artificial intelligence, nanotechnology and other ethical quandaries, but has too much ambition, if anything.

Television

Shane West talks WGN America's 'Salem'

The actor on history lessons, a new network and showing his butt.

Music

Both feet on the ground with Aimee Mann…

What began with a cool double-bill of Ted Leo opening for Aimee Mann morphed into a full-fledged collaborative project that they're calling The Both. “There…

NHL

Rangers draw first blood against Flyers in Game…

Brad Richards and Derek Stepan scored power-play goals 47 seconds apart to lead the Rangers to a 4-1 win.

MLB

Jimmy Rollins is key to Phillies success

When John Kruk was asked about what the Phillies need to contend for a playoff berth, the ESPN analyst said Jimmy Rollins needs to play like a MVP again.

MLB

Ben Revere lifts Phillies to avoid sweep

Ben Revere came through with a two-out RBI single against Atlanta’s tough lefthander Alex Wood.

NBA

Season wrap: 76ers make the grade

The 76ers opened the 2013-14 season with a victory over the Miami Heat. The Sixers closed the season with a win at Miami.

Style

Light-up nail art syncs with phone

This Japanese technology syncs light-up nail art with your phone.

Wellbeing

Why is dance cardio taking off in NYC?

Instructors at some of the city's hottest classes explain why.

Travel

Earth Day travel in the Florida Keys

See why this eco-friendly destination deserves your attention.

Tech

Sorry, Facebook — FarmVille goes mobile with 'Country…

Zynga has released a version of the hit "FarmVille" tailored for smartphones and tablets in the hope of reaping a bumper crop of players.