Washington Prime purchases former Elder Beerman site at Dayton Mall
Washington Prime Group announced that it has purchased from a non-retailer the former Elder Beerman site at Dayton Mall. The Company plans to leverage exciting redevelopment opportunities for the 15-acre site, which includes a two-story, approximately 200,000 SF retail building. Washington Prime Group is currently in planning and negotiations with several local stakeholders, including Miami Township and existing and prospective tenants and partners. Leasing activity remains robust at Dayton Mall with Ross Dress for Less opening at the town center in October 2019, and The RoomPlace to occupy approximately 50,000 SF of renovated inline space when the home furnishings retailer opens in the first half of 2020. During the past three years, Dayton Mall has been successful in replacing underperforming tenants with in-demand retailers and lifestyle tenancy such as dining, entertainment and home furnishings.