Concord Mall is being sold.
Allied Properties announced Friday, January 17, 2020, that it's selling the property. Their statement did not disclose the buyer.
The family-owned company had previously managed, developed and leased the commercial retail space for decades.
Allied Properties didn't immediately respond to questions WDEL had regarding the deal, but in a statement, Allied Properties Vice President of Real Estate Jim Oeste said Concord Mall will remain in operation "during and after the transfer."
"It has been our great pleasure to operate Concord Mall these past 22 years," said Oeste in a written statement.
The 802,000 sq. ft. mall on busy Route 202, was built in 1968, is anchored by Macy's, Boscov's, and Sears, and despite its proximity to the state line--offering tax free shopping to nearby Pennsylvania residents--it's seen a noticeable decline in traffic over the years. Exact figures on the mall's traffic weren't available.
Allied Properties will continue to operate the shopping center next to the mall, which houses Ulta and Best Buy.