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February 9, 2023

CBRE offers mall for repositioning

Not quite a dead mall, Northway Mall could be ready for redevelopment. That's according to local brokers Dino Christophilis, Daniel Tibeau and Chris Burdett of CBRE. There's a catch, however, for the 30-acre property: It's up in Anchorage. Christophilis said in a statement, “While the highest and best use is undefined, the former mall is ideal for conversion or redevelopment to an alternative use.” Self-storage, industrial, a hotel or offices are among the possibilities mentioned. For now, remaining tenants includes Planet Fitness, Shockwave Trampoline and Xpress Lube. The big box has about 354,382 square feet. There's no asking price or announced deadline for offers.




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