In August 2018, the Quincy Mall was in crisis. A few years earlier, JCPenney, one of the mall’s three large department store anchors, had closed. That month, the two remaining stores, Sears and Bergner’s, closed within weeks of each other.
“It left us with just this huge big-box vacancy,” said Mike Jenkins, the property manager at the 500,000-square-foot mall in Quincy, Illinois.
The loss of such major tenants has been a death sentence for many malls. But the shopping center had a stroke of luck. The same time the department stores closed, one of the small city’s two large medical providers was looking for a space to house a planned outpatient surgery clinic.