The announcement came as a bit of surprise, but for months if not longer, there were varying reports Neshaminy Mall in Bensalem was for sale. As of last week, the mall now has a buyer.
A social media post by the Bensalem Economic Development Corporation read, “Hot off the presses! Neshaminy Mall has a buyer! Settlement will occur sometime in the next 30 days with Paramount Realty. We look forward to working with their team and hearing about the new opportunities this sale will bring to our community,” on June 14.
Brookfield Properties put the mall up for sale, according to the Philadelphia Inquirer, in February.
The 1-million square foot mall sits at the crossroads of Lincoln Highway, Route 1 and the Pennsylvania Turnpike.
Bensalem officials contacted earlier this week about the potential sale did not respond to requests for comment on what the future holds for the brick and mortar edifice.
A Philadelphia Journal Report earlier this year estimated Brookfield could get $25 million for the property.
In June of 2022, then Lower Bucks Source contributor Josh Thompson visited the mall for a story he was working about its apparent “slow death.”
Opened in 1968, the Neshaminy Mall has hosted stores such as “Boscov’s” and “GameStop”, but over the years, the mall has started to decline in both visitors, and renters. Walking through the mall now is like walking through a ghost town. The AMC theater and Boscov’s are still there, but stores like Macy’s, Friendly’s, and even Rita’s water ice are all gone.
Then and now, it appears the food court is the most frequently visited area in the mall.
The ability to shop online, experts say, is the single biggest contributor to the demise of shopping malls in America.
Calls to Paramount Realty were not immediately returned as of Wednesday.
Editor’s Note: Bensalem’s Josh Thompson contributed to this report. He currently works for the Bensalem School District supporting the educational successes of students with challenges.
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