Bayshore Mall (Eureka, California) goes up for auction, $39 million in debt
Article in SFGate: https://www.sfgate.com/bayarea/article/ca-bayshore-mall-sale-22187900.php
>The Northern California mall has fallen on hard times in recent years. In December, Humboldt Clothing Company permanently closed its Bayshore Mall storefront after a 25-year run. Owner Angel Young told the Times-Standard at the time that slow foot traffic was a motivating factor in her decision, which was exacerbated when the entrance to the mall from Walmart closed, according to Young. She told the outlet that her sales declined after that.
>“Really, when I’d noticed the sharpest drop in sales was once that door closed off,” Young told the Times-Standard. “And then when the DMV closed, too, those two things, I would say that was kind of like … the nail in the coffin is the best way to put it.”
>The 2019 closure of anchor tenant Sears also left a major void for remaining mall tenants. Brian Reeves, who operates a phone repair booth at the mall, previously told SFGATE that business dropped steadily following the department store’s closure. Reeves also pointed to other issues at Bayshore, like leaks around the mall, that have made it hard to operate. When SFGATE visited the property last year, there were dozens of empty storefronts, the food court only had one open restaurant, and rats were spotted by the Mrs. Fields cookie counter.
The article discusses other aspects of current ownership, what a bidder might do, etc.