image description
There could be a new owner for the closed Berkshire Mall soon.

UPDATED: Berkshire Mall Sold To Ohio Investment Firm

By Andy McKeeveriBerkshires Staff
Print Story | Email Story
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.
5 Comments
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 info@iberkshires.com.

Lanesborough to Fund Repairs at Town Hall, Elementary School

By Jeff SnoonianiBerkshires Correspondent
LANESBOROUGH, Mass. — Superintendent of Schools Kim Grady kicked off the Selectmen's meeting Tuesday night seeking funds to pay for repairs to the heating system at Lanesborough Elementary School.
 
During a routine inspection, the glycol in the system was found to be in need of flushing and replacement. The material is also corroding other parts of the system but that will be addressed in a separate bid. 
 
"When we had some heating issues last year, Barclay Inc. provided the report. We started the process on it," the Mount Greylock Regional superintendent said. "The freeze point on it was 10 degrees above (zero Fahrenheit) which is not good in the Berkshires. We put a scope of work out that went out to bid in July. We called several different companies and struggled to get three proposals."
 
The district requires that school heating systems must be on and operational by Oct. 15 of any given year. This forced the hand of the district to perform the minimum amount of repairs to get the system up and running safely.
View Full Story

More Lanesborough Stories