Former Anchorage Mall Listed for Sale as Redevelopment Opportunity
The former Northway Mall, one of Alaska’s first indoor malls, has been listed for sale according to CBRE. The struggling Anchorage, AK property, now referred to as North Pointe, is available for full or partial redevelopment in an area zoned for warehouse, manufacturing, self-storage, general retail, office, automotive lots and hotel.
“While the highest and best use is undefined, the former mall is ideal for conversion or redevelopment as an alternative use,” said CBRE’s Dino Christophilis, who is marketing the property on behalf of the owner along with the firm’s Daniel Tibeau and Chris Burdett. “Few properties in Anchorage offer similar flexibility, size and convenient exposure and access to Glenn Highway.”
Located at 3101 Penland Parkway, North Pointe consists of a 354,000-square-foot building on 30 acres, with over 1,200 parking spaces. The property includes 195,000 square feet of big-box retail space, 149,000 square feet of enclosed mall and 10,000 square feet of pad buildings. Active leases include Planet Fitness, Shockwave Trampoline and Xpress Lube.