Acquisition-Regional Mall/Hotel

June 13, 2013 | Development
By Woodbury Corporation

Acquisition-Regional Mall/Hotel

Development
By Woodbury Corporation
Acquisition-Regional Mall/Hotel

Woodbury would like to announce the acquisition of Kalispell Center Mall in Kalispell, MT through its affiliate Woodbury Strategic Partners.

Kalispell Center Mall is a 163,030 square foot enclosed shopping mall anchored by JC Penny, Herberger’s and a 170 room (100,935 SF) Red Lion hotel. The mall and hotel were built in 1985-86 with the hotel undergoing a major renovation in 2006 with minor updates in 2012. The mall is currently 86% occupied with a 15 year lease to Red Lion. Additionally, the site includes a 3.5 acre out lot that has not yet been developed, providing potential future development opportunity

Kalispell is located in Flathead County Montana and serves as a recreational gateway for residents and visiting tourism. Kalispell is centrally located in Flathead Valley just 7 miles from Flathead Lake (largest natural fresh water lake west of the Mississippi River) and 31 miles from Glacier National Park which attracts approximately 2 million visitors annually.