(4-13-23) – According to the Allen County Recorder’s office the Lima Mall officially has sold for $12 million dollars to Lima Mall Realty Holding, LLC a part of the Kohan Retail Investment Group in Great Neck, New York.

Kohan presently owns two other malls in Ohio, the Findlay Village Mall and Ashtabula Towne Square Mall. J.C. Penney is the last anchor store remaining…37 stores still are in the mall.

According to Kohan’s web site this is their working goal for malls like Lima, who have lost anchor stores—

We have always worked to accommodate the needs of our guests at our retail destinations, and now we are working to accommodate the needs of our guests at our new hotels. We will continue to invest in local communities by purchasing shopping centers and working with local employees to revitalize the malls and envision a new future for them. The retail landscape has changed, but many shopping malls have not. We believe the future of these large indoor spaces will be more of a hybrid of entertainment, food, and retail than the past model where retail reigned supreme. With the closing of many large anchor stores around the country in the past decade, those large spaces offer unique opportunities for venues of all different types: galas, expos, concerts, arcades, miniature golf, and others have found their homes at some of these spaces at our malls. This is a great time for businesses to consider large spaces that can be transformed into localized shops or venues at affordable prices.

According to the mall’s web site —

Lima Mall is an indoor shopping destination in Lima, Ohio, and serves the surrounding areas of Allen, Auglaize and Putnam counties. Lima Mall is a conveniently located at the intersection of Cable and Elida Road, and is the perfect spot for shopping, dining, entertainment and more!

Home to more than 40 stores like JCPenney, Old Navy, The Children’s Place, Aeropostale and more, Lima Mall has a store for every style. While at the mall enjoy a meal from one of the many dining options, including Golden Corral and Chopsticks Express.

The mall has been owned and operated by Washington Prime Group, who took ownership after Simon Property Group spun off the property into a separate company, Washington Prime Group.