North Plains Mall

North Plains Mall is an enclosed shopping mall in Clovis, New Mexico. Its market position is shaped less by a national retail identity than by its geographic role: the mall is described as the only shopping mall within roughly a 95-mile radius, allowing it to draw shoppers from a broad area of eastern New Mexico and west Texas. The property was developed by Price Development and had reached its 30th anniversary by 2015, indicating that it opened around the mid-1980s, although the exact opening year is not established in the supplied reference material. The mall has historically operated as a conventional regional shopping center with department-store anchors and a collection of inline tenants. JCPenney is the remaining identified anchor. Three other anchor spaces became vacant after the departures of Dillard's, Sears, and Stage. These changes reflect the wider restructuring of department-store retail and have materially altered the mall's tenant mix and physical profile. Sears's planned closure was announced in September 2017, with the store scheduled to leave in December of that year. Dillard's later permanently closed its location in May 2020, at the same time as the retailer's stores at Crossroads Mall in Waterloo, Iowa, and Central Mall in Lawton, Oklahoma. At the time of its 2015 anniversary, North Plains Mall still retained several tenants that had been present since the property's opening, suggesting a degree of long-term local continuity despite changes among its anchor stores. The mall's importance is therefore both commercial and regional: it provides enclosed retail space and access to department-store and specialty-shopping services for a dispersed population that otherwise has limited access to a comparable mall destination. Kohan Retail Investment Group acquired North Plains Mall in July 2021 as part of a portfolio transaction involving six other malls from Brookfield Asset Management. The acquisition placed the property within Kohan's broader portfolio of shopping-center assets. Available reference material identifies the mall as operating under Kohan ownership and identifies JCPenney as its principal remaining anchor, but does not provide a complete current tenant directory, detailed operating statistics, redevelopment plan, executive roster, or financial disclosures. North Plains Mall is best understood as a regional enclosed mall whose brand promise is convenience, breadth of shopping, and geographic centrality for communities in southeastern New Mexico and nearby west Texas.

North Plains Mall is an enclosed shopping center in Clovis, New Mexico. It was developed by Price Development and had completed its 30th anniversary by 2015. The available reference material does not establish the exact opening date, but the anniversary places the mall's origins in the mid-1980s. From its early operation, the property served as a regional retail destination rather than only a neighborhood shopping center. Its stated catchment area extends across eastern New Mexico and west Texas, and the mall has been described as the only mall within approximately 95 miles. That geographic scarcity has helped it attract consumers from a wide surrounding area. The property was organized around department-store anchors and inline specialty tenants, a traditional format for enclosed regional malls. By 2015, several original inline tenants were still present, indicating that some smaller retailers had maintained a long relationship with the property. The anchor lineup subsequently contracted. Sears's closure was announced on September 15, 2017, with the store expected to close in December of that year. Dillard's later permanently closed its North Plains Mall location in May 2020. The Dillard's closure occurred at the same time as closures at Crossroads Mall in Waterloo, Iowa, and Central Mall in Lawton, Oklahoma. Stage is also identified as a former anchor, leaving JCPenney as the principal identified operating anchor and three former anchor locations vacant. These changes made anchor occupancy a central part of the mall's later history. They also placed North Plains Mall within the broader evolution of enclosed shopping centers, in which department-store consolidation and store closures have reduced the number of traditional anchors. Nevertheless, the mall's regional position remains significant because its surrounding market is dispersed and lacks another comparable mall nearby. In July 2021, Kohan Retail Investment Group purchased North Plains Mall alongside six other malls from Brookfield Asset Management. The transaction transferred the property into Kohan's mall portfolio and established Kohan as its identified owner. The supplied sources do not provide purchase-price information, subsequent redevelopment details, a full current tenant list, or operating-performance data. They do establish the mall's continuing identity as a regional enclosed retail destination anchored by JCPenney and serving communities in eastern New Mexico and adjacent west Texas.

• 2021

  Acquired by Kohan Retail Investment Group

  [1]North Plains Mallen.wikipedia.org

  Kohan Retail Investment Group bought North Plains Mall as part of a seven-mall acquisition from Brookfield Asset Management.

• 2020

  Dillard's location closes permanently

  [1]North Plains Mallen.wikipedia.org

  Dillard's permanently closed its North Plains Mall store in May, along with stores at two other malls.

• 2017

  Sears closure announced

  [1]North Plains Mallen.wikipedia.org

  The mall's Sears store was announced for closure in September, with the location scheduled to shut in December 2017.

• 2015

  30th anniversary period

  [1]North Plains Mallen.wikipedia.org

  At the time of its 30th anniversary, North Plains Mall still had several inline tenants that had been present since the mall's original opening period.

A regional enclosed shopping destination serving eastern New Mexico and west Texas, with its reach supported by the absence of another mall within approximately 95 miles.

• Department store

  JCPenney

  JCPenney is the identified operating department-store anchor at North Plains Mall. Its presence gives the property a broad merchandise component spanning apparel, home goods, accessories, and related department-store categories. The reference material does not specify the store's size, opening date, or current operating details.

• Shopping-center retail

  Inline specialty retail

  North Plains Mall has historically included a range of inline tenants serving everyday retail and service needs. Several original inline tenants were still present around the mall's 30th anniversary in 2015, although the available sources do not provide a complete tenant list or current category breakdown.

• 2021

  Portfolio acquisition by Kohan Retail Investment GroupM&A

  Background

  North Plains Mall was included in a transaction involving seven malls formerly owned by Brookfield Asset Management.

  Action taken

  Kohan Retail Investment Group purchased the mall together with six other properties in July 2021.

  Aftermath

  Kohan became the identified owner of North Plains Mall. The supplied sources do not describe later redevelopment, tenant-repositioning, or financial outcomes.

  Source

1. 1North Plains Mallen.wikipedia.org
2. 2North Plains Mall official websitenorthplainsmall.com