Kohan Investment Bad News for the Valley
Oh man. The farther I go down the rabbit hole on this the worse it gets.
Here’s a chronological list of problem malls associated with Kohan Retail Investment Group owner of the Southern Park Mall
Have the Mahoning County Commissioners, Ohio done anything else other than "reaching out to Kohan"?
Is the Boardman township Trustee going to just wait until our mall is doomed?
21 WFMJ- When you are ready to drive to New York with us let us know. Let's go knock on some doors.
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2009
Woodville Mall (Northwood, Ohio) – Purchased in 2009, closed by court order in December 2011 due to structural concerns, and demolished in 2014.
2012
Lincoln Mall (Matteson, Illinois) – Purchased in 2012, suffered maintenance issues, and closed in January 2015 with over $10 million in fines and taxes owed.
2014
The Orchards Mall (Benton Harbor, Michigan) – Purchased in 2014; faced unpaid water bills, leading to temporary closures. Major tenants like Carson’s and JCPenney left.
2015
Rotterdam Square Mall (Rotterdam, New York) – In February 2015, power was shut off due to a $300,000 unpaid utility bill.
2016
Chapel Hill Mall (Akron, Ohio) – Acquired in 2016; faced severe financial struggles, including unpaid bills and taxes, leading to its closure in April 2021.
2017
Indian River Mall (Vero Beach, Florida) – Nearly lost power in December 2017 due to unpaid electric bills totaling $428,175, which were settled just before disconnection.
2019
Adrian Mall (Adrian, Michigan) – Purchased in 2019; condemned in June 2020 due to severe roof issues and water damage.
2020
Chapel Hill Mall (Akron, Ohio) – Officially shut down in April 2021 due to unpaid bills.
2023
Marshalltown Mall (Marshalltown, Iowa) – In November 2023, power was disconnected due to unpaid bills, leading to tenant closures.
Towne West Square Mall (Wichita, Kansas) – Multiple power shutoffs in late 2023 due to delinquent payments.
2024
Seminole Towne Center (Sanford, Florida) – Power was disconnected in February 2024 due to overdue bills, forcing tenant closures.
Westwood Mall (Marquette, Michigan) – Faced multiple power disconnections and over $300,000 in delinquent property taxes.
Fairlane Town Center (Dearborn, Michigan) – As of May 2024, Kohan owed $2.1 million in property taxes.
Valley View Mall (La Crosse, Wisconsin) – Closed for four days in August 2024 after Kohan failed to pay the electric bill.
Colonial Park Mall (Lower Paxton Township, Pennsylvania) – In July 2024, a planned sale failed due to over $250,000 in unpaid sewer and stormwater bills.
This timeline highlights a pattern of financial issues, including unpaid taxes, utility disconnections, and mall closures under Kohan Retail Investment Group’s ownership.
