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 Hoping to Reopen Recycling Process Soon
By Jeff SnoonianiBerkshires Staff
Newly elected Selectman Michael Murphy, center, participates in his first meeting on Thursday night.
LANESBOROUGH, Mass. — The Selectman welcomed new member Michael Murphy, elected last week, to the board with a fairly light load Thursday evening.
Cable TV contracts, Gulf Road and recycling were on the agenda among other items.
At their last meeting, the board had decided to keep Gulf Road closed until Dalton was comfortable opening the seasonal dirt byway. It serves as a shortcut between Lanesborough and Dalton and allows drivers to avoid shopping related traffic at Allendale Plaza and Berkshire Crossing in Pittsfield. It also could serve as an emergency detour should Route 8 be closed for any reason.
On Thursday, the board again voted but this time to reopen the road. But Murphy said he had spoken to a resident of Gulf Road who had wanted to advocate for the road to stay closed. This led into a discussion of why there is no public comment portion of the meeting since participation is now limited because of Town Hall being closed in light of the COVID-19 pandemic.
Former Finance Committee member Michael P. Murphy easily ousted incumbent Hank Sayers, 295-156. Sayers has served on the board since winning a special election in 2013 to fill a vacant seat.
click for more
Town Moderator Chris Dodig kicked off the meeting by explaining the town's thought process in deciding to have the meeting at all despite the novel cooronavirus pandemic that has wreaked havoc on the municipal budget process across the state and forced many towns to postpone meetings and even some... click for more