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Tag Archives: sears

Can Metrocenter rise from the ashes? Again

Jackson’s 36-year-old Metrocenter Mall is set for yet another second act. This one will be stage managed by a group of veteran Kansas retail developers from Colby Capital and Walter Morris Cos. as well as Jackson commercial real estate broker Scott Overby. They have adopted the name Jackson Commons, LLC. The Kansas developers have redone distressed retail centers in nine ...

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Office Depot and second national retailer eying former Sears building

» Metrocenter’s leasing agent and Jackson mayor agree mall’s future is in mix of small retailers and institutional users Office Depot and another national retailer are negotiating for space in Metrocenter’s vacant Sears building, says Scott Overby, whose Jackson firm the Overby Company is handling leasing for the Sears-owned anchor building as well as the more than half million square ...

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Damages cap ruling could invite another challenge

The Fifth Circuit Court of Appeals ruled in late February that Mississippi’s $1 million cap on non-economic damages arising from civil litigation does not violate the state constitution’s separation of powers clause. The appeals court issued the ruling in response to the Mississippi Supreme Court’s decision not to rule on the matter last summer. The state court said then that ...

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Sears shutting down Metrocenter store May 6

Sears will end its presence as a full-line retailer in Jackson May 6 with the closing of its 240,000 square-foot Metrocenter Mall store. Liquidation of merchandise has been under way for several weeks and will end |Sunday, a spokeswoman for the national retailer said Monday. The closing leaves Sears’ with only a handful of small appliance outlets in metro Jackson. ...

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Incentives part of bid to keep Sears at Metrocenter

Jackson Mayor Harvey Johnson is prepared to offer Sears incentives such as tax abatements to keep the full-service store as the remaining anchor for the 34-year-old Metrocenter Mall. “Those are things we’re open to,” said Harvey’s spokesman, Chris Mims, of the incentives the city is willing to offer to help the store open despite its placement on a post-Christmas list ...

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Mall owner blindsided by Sears closing

Metrocenter owner Shervin Mateen hardly expected the news he received a couple days after Christmas — the mall’s original and last remaining anchor would be shutting its doors for good. “It’s very shocking,” he said in light of the improving sales mall merchants had been reporting this holiday season compared to previous years. “Sales were increasing and then we hear ...

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Jackson's aging Metrocenter awaits new vision

On one hand, Nina Holbrook sees the departure of Sears as “one of the biggest hits Metrocenter has ever had.” But then she switches her perspective from U.S. Highway 80 corridor advocate to commercial real estate professional. With that comes the idea that big things could be in store for the 34-year-old mall. “It’s a great development opportunity,” she said. ...

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Metrocenter Mall owner blindsided by Sears closing

Metrocenter owner Shervin Mateen hardly expected the news he received a couple days after Christmas — the mall’s original and last remaining anchor would be shutting its doors for good. “It’s very shocking,” he said in light of the improving sales mall merchants had been reporting this holiday season compared to previous years. “Sales were increasing and then we hear ...

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FBI investigating Southaven mayor Greg Davis

JACKSON — The FBI has confirmed that it is investigating the mayor of Mississippi’s third largest city who was already ordered by state officials to pay more than $170,000 for travel, stress counseling and other personal expenses billed to taxpayers. >> SEE MBJ COLUMNIST NANCY ANDERSON’S COLUMN ON DAVIS Southaven Mayor Greg Davis had already come under scrutiny after Mississippi ...

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