CANTON, OH-Nassimi Realty has finished the second phase of the externalization effort at Canton Centre Mall, a more than $10 million effort to turn all stores into an outdoor property. The company bought the 433,500-square-foot indoor center, on Tuscarawas Street West, in 2004, and started the de-malling process early last year. “The process is moving forward nicely, despite the economic climate,” says company president Mike Nassimi.

He says tenants seem to appreciate the renovation, signing leases for four new stores. Nassimi says his company has a few other companies in negotiation for more square footage. “We’ve finished a 10,000-square-foot out-lot, and filled it up, we only have 1,500 square feet available there. By March-April, the front section of the center will have all the current stores facing to the outside, and then we’ll wrap around toward the J.C. Penney and Wal-Mart side,” Nassimi tells His firm is completing a modernization program for the J.C. Penney, which has extended their lease by five years. The 200,000-square-foot Wal-Mart opened in 2005, shadow-anchoring the property.

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