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.
iBerkshires.com welcomes critical, respectful dialogue; please keep comments focused on the issues and not on personalities. Profanity, obscenity, racist language and harassment are not allowed. iBerkshires reserves the right to ban commenters or remove commenting on any article at any time. Concerns may be sent to email@example.com.
iBerkshires.com welcomes critical, respectful dialogue. Name-calling, personal attacks, libel, slander or foul language is not allowed. All comments are reviewed before posting and will be deleted or edited as necessary.
Lanesborough Tigers Show Improvement, but Drop Second Game at World Championships
CANTON, Ohio -- The Lanesborough Tigers Friday dropped their second of two games at the World Youth Football Championships, falling to the Montana Outlaws, 30-0.
"The Outlaws had a very well-oiled passing attack that included four or five wideouts on each play, which is something the Tigers have never played defense against," Lanesborough coach Jason Pause said. "We eventually adjusted and improved our defense against the West Coast style offense, but not before getting down several touchdowns from some big pass plays."
In Friday's consolation game, the Tigers' offense had more success than it did in Thursday's tournament opener, but it was unable to finish drives and put the ball in the end zone.
Coming out on the losing side of the scoreboard diminishes neither the experience for the players nor the program's gratitude for the hundreds of people who contributed financially to the trip, Pause said.
Last month's 26-6 win over Essex County, N.J., qualified the Berkshire County champions to face some of the top teams in the country in their age group at the home of the Pro Football Hall of Fame. click for more
Advisory Council member Heather Lindscott relayed a message to the state Department of Conservation and Recreation and the rest of the council from the Thunderbolt Ski Runners who have noticed major erosion issues on the historical ski trail caused by over hiking.
click for more