Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHILADELPHIA-In the wake of Nottingham, MD-based Golf America Stores’ bankruptcy last month, Melville, NY-based DJM Asset Management is putting the defunct retailers’ remaining leases up for sale. Of the 32 stores nationwide, five are in Pennsylvania and Ohio. Bids are due November 8.

The largest of the five is 1,935-sf at Ross Park Mall in Pittsburgh. The rental rate is $55 per sf, and annual rent through December 31, 2006, is $106,425.

The rental rate for the 1,634-sf space at King of Prussia Mall, King of Prussia, PA, is $53 per sf, and the annual rent through November 30, 2005, is $86,602.

In suburban Cincinnati, a 1,820-sf space at Kenwood Towne Center has a rental rate of $40 per sf, and annual rent through January 31, 2006, is $72,800.

Two Columbus, OH-area units average 1,800 sf each. Rental rate for the space at Polaris Fashion Place in Columbus is $36 per sf, and the annual rent through October 31, 2004, is $64,800. The annual rate for the space at the Mall at Tuttle Crossing in Dublin, OH on a lease that runs through January 31, 2008, is $63,325, and the rental rate is $34.62 per sf.

In all cases, longer leases are available.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.