St. Lawrence Centre is a shopping mall in Massena, New York, United States. It includes one anchor store, JCPenney. The mall was built in 1990 by the Heritage Company. At that time the Massena economy could support it, with a strong manufacturing base built around several local Alcoa plants and heavy cross-border shopping by Canadians from the area of Cornwall, Ontario, just across the St. Lawrence River. The cost of construction was $50 million. In 1995 it was sold to AP Massena Partners.
St. Lawrence Centre New York State |
During this time the mall went through serious financial troubles, falling to just a 75% occupancy rate. In September 2003, the mall was sold for $3.6 million to the Carlyle Development Group which hired General Growth Properties to manage it beginning February 2004.