LANESBOROUGH, Mass. - The sale of the Berkshire Mall was recorded with the Registry of Deeds Thursday.
The sale price was recorded at $1 million, some $2.5 million less than Kohan had purchased it.
Original Post: Wednesday, July 10 at 5:02 p.m.
LANESBOROUGH, Mass. — A potential sale may be pending at the closed Berkshire Mall.
Recently, a new entity paid all of the town's taxes. Durga Property Holdings, Inc. out of Cincinnati apparently paid the taxes owed to the town. However, there is no record of a deed exchange in the Northern Berkshire Registry of Deeds just yet so it is unclear exactly what Durga's involvement actually is but local officials say the company identified themselves as the"new owner."
Durga also owns the Orchards Mall in Michigan, which the company bought from the Berkshire Mall's current owner Kohan Retail Investment Group, along with a handful of other developments throughout the country.
Vijaya Kumar Vemulapalli is listed as the head of the company in the paperwork filed with the Ohio Secretary of State's Office.
The Berkshire Mall was closed earlier in the year after facing significant issues with back taxes and utilities. The mall is currently owned by Kohan Retail Investment Group, which bought the property in 2016 for $3.5 million. Before that, it was owned by Strategic Asset Services and before that Pyramid Companies.
Kohan had purchased it right after both Macy's and Best Buy left the 700,000 square-foot facilities and the loss of stores continued. Eventually, the mall closed its doors for good, with only Regal Cinemas and Target, both of which own their buildings, still operating.
The mall's website was shut down and Kohan removed the mall from the list of properties its website.
Searches for Durga has turned up little but according to the Herald Palladium in Michigan, Velmulapalli has had "mixed results" with development. He had particularly been successful with the development of a couple of hotel resorts.
Rumors of the sale, or pending sale, have circulated around town and little is actually known. However, the payment of the taxes has come at a great relief to town officials.
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Lanesborough Will Consider New General Store For Beer, Wine License
By Joe DurwiniBerkshires Staff
The board also heard about the annual townwide cleanup day on April 24.
LANESBOROUGH, Mass. — A new general store-style retailer with a focus on offering local products was given the nod to move forward with planning at a long vacant commercial space on Route 7, part of a complex formerly occupied by Vacation Village of the Berkshires.
The Select Board on Monday offered no objection to a preliminary inquiry presented by Ana Bradbury about applying for a wine and beer license. Bradbury indicated the business — which was not identified by name — wanted to get a read on the availability and likelihood of obtaining the license before moving forward with the various other permitting steps.
Bradbury said the store intends to offer "home goods and limited groceries" with the goal of stocking most of its shelves with products from within the region.
"Everything from artisans to farms, the major items are going to be from the Berkshires," said Bradbury.
At a meeting of the Select Board on Monday, Town Clerk Diane Stevens presented their concerns along with a proposal for a more formal, professional process for such complaints, based on best practices observed in many other municipalities.
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