A New York firm that works with distressed malls is buying the Berkshire Mall in Lanesborough. Best Buy and Macy’s have left the location in the past year.Mike Kohan, of the Kohan Retail Investment Group, says he is closing on the $3.5 million sale of the 700,000-square foot mall. Kohan says he plans to aggressively market the space.
“I’ll be reaching out to local, national chains and as well as anchors,” Kohan said. “I’ll explore my incentives.”
Kohan’s firm owns about 20 malls across the country. It owned the former Rotterdam Square Mall for about a year making a slight profit. Kohan says that location faced more competition than the Berkshire Mall.
