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 Selectmen in Talks to Buy New Gravel Bed
By Andy McKeeveriBerkshires Staff
Highway Director William Decelles is honored for 35 years of service.
LANESBOROUGH, Mass. — The town is considering buying a new gravel bed on Ore Bed Road.
Town officials have been in talks with Dennis Condron about purchasing a piece of property across from the town's landfill.
Selectman Henry "Hank" Sayers said the property has about 50,000 yards of gravel in the lot while the town's current landfill is nearly empty.
Selectmen did not disclose the price, saying it changes while in talks with Condron, but the purchase hits on multiple fronts — it saves the town from having to purchase as much gravel for roads, it prevents someone from buying and building on the land that has potential for contamination, and eventually can be turned into a small park or walking trails.
The town is considering buying a new gravel bed on Ore Bed Road.
Town officials have been in talks with Dennis Condron about purchasing a piece of property across from the town's landfill. Selectman Henry "Hank" Sayers said the property has about 50,000 yards of gravel in the lot while the... click for more
The Board of Selectmen closed the fiscal year's books on Monday after transferring some $63,538 from health insurance to cover deficits elsewhere in the budget.
Of particular concern for Finance Committee member Ronald Tinkham was a $45,167 overage in winter roads supplies and repairs. The town,... click for more
Officer Jason Costa is often on patrol and stops and chats with children riding their bikes.
Costa rides mountain and road bikes all the time. His kids ride bikes. So he'd say, hey, let's all go for a ride together. On Saturday, that's going to happen. Costa, Lanesborough and Cheshire Police... click for more
A potential sale may be pending at the closed Berkshire Mall.
Recently, a new entity paid all of the town's back taxes. Durga Property Holdings, Inc. out of Cincinnati paid all of the back taxes owed to the town. Durga also owns the Orchards Mall in Michigan, which the company bought from the... click for more
Gordon Hubbard will join the Board of Selectmen after defeating Robert Ericson on Tuesday.
Hubbard reeled in 269 votes to Ericson's 114. Hubbard is the owner of the Mount Greylock Campsite Park and campaigned on his wide-ranging experience in teaching, school administration, volunteer... click for more