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Wednesday, Oct. 22, 2014

Dyersburg Mall up for auction

Wednesday, November 14, 2012

(Photo)
The Dyersburg Mall may soon have a new owner. The commercial space went on the auction block at www.auction.com on Tuesday, Nov. 13, with the auction scheduled to continue through Thursday, Nov. 15.
The Dyersburg Mall, located at 2700 Lake Road, went on the auction block on Tuesday, Nov. 13.

The shopping mall, consisting of 191,038 square feet of retail space on 21.58 acres, was built in 1985. Often used as a hub of community activity in Dyersburg, the Dyersburg Mall has long been slated as a draw for Missouri shoppers from across the Mississippi River.

The property is listed on www.auction.com as item B092-250. Bidding began on Tuesday, Nov. 13, with the auction scheduled to continue through Thursday, Nov. 15.

A starting bid of $2.2 million was requested. At press time, the current bid was for that amount, with a $25,000 bid deposit required.

Sandy Hearron of the Mattiace Company said putting the property on the auction block is an effort by the landlords to stabilize the future of the mall.

Hearron said officials with the Mattiace Company, one of the oldest third-party management and brokerage firms in the state of Mississippi, have every intention of the Dyersburg Mall being a success for the winning bidder.

Hearron said company officials like the Dyersburg community, but cite the economic downturn of the past few years and its effect on rural communities like Dyer County and the retail environment as a whole as the reason for the auction.


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"The Dyersburg Mall has long been slated as a draw for Missouri shoppers from across the Mississippi River".

Anybody actually believe that Bull Sh*t statement??? There is nothing in this Mall to draw people from accross the river in Missouri...

-- Posted by Elvin Patch on Wed, Nov 14, 2012, at 8:08 AM

Starting bid is less than $12/sq.ft.

I think the stores rent for more than that every month.....(all 5 of them).

Hopefully it will sell. Every little bit helps.

-- Posted by duh duh duh on Wed, Nov 14, 2012, at 8:26 AM

Malls just don't draw like they used to (back in the 80's or 90's). Rent is always too high for tenants to make any money.

Can you imagine trying to make a living running a taco place or whatever with their rent?

-- Posted by Dude2010 on Wed, Nov 14, 2012, at 1:00 PM

You can't succeed in that mall unless you sale shoes or jewelry! The rent is way too high. If you want to eat at Applebees, get some lotion and a candle, buy some running shoes and then a charm bracelet...then Dyersburg Mall is your destination

-- Posted by christmasbooyans on Wed, Nov 14, 2012, at 1:05 PM

Dude2010 is at least partially correct... shopping malls don't have the same appeal now as they used to. They're growing increasingly unattractive to governments, landowners, tenants, and even shoppers; in fact, many people now consider them a blight on neighborhoods.

To be honest, I don't see much of a successful future for Dyersburg Mall.

-- Posted by peanutvoss on Wed, Nov 14, 2012, at 2:11 PM

Personally, I would love to see American Eagle & Aeropostale in there. Not that we have the population for those stores, but I wouldn't have to drive to Jackson everytime my kids wanted clothes.

-- Posted by hotpocket1971 on Wed, Nov 14, 2012, at 5:36 PM

I remember it like it was yesterday, though it was twenty two years ago and counting. Hibbets was where applebees is now, and the fun tunnel was across the way. There was still a sense of being somewhere hip as i strolled into the sound shop to see about buying a guns n roses cassette tape, and maybe a poster to hang on my wall. The cassette was sold out, so i went to the kay-bee toy store to see what was new on their shelves. The weeks allowance i had been given was hot in my pocket, and though i really wanted the use your illusion cassette, i just had to buy something that day. X-men action figures and sega genesis games were all i could find that appealed to me at the toy store, and the genesis games were out of my price range. This being the case, i decided on a wolverine action figure. With four bucks left out of the ten i started with, i decided to go get a bite to eat at the taco stand, and keep enough to play a few rounds of pit fighter back at the fun tunnel as i waited for my parents to come hunt me down and force me to leave the small metropolis of stores inside the mall after my mom got her hair permed. This is the mall I remember, as im sure many of you do too. Reading the comments posted on here, is like hearing people talk about their parents needing to go to assisted living facilities. Its not the mall itself, and though the economy does have some bearing on finances, that is all the more reason for people to shop there, rather than drive to Jackson or Memphis to buy clothes, toys, etc. We need to bring big name stores back to the mall, add a food court, possibly a fountain, and host more community activities there. Lately, im seeing more and more malls designating a place for small children to play, and even hosting free activities for them to engage in while there. In my opinion, the Dyersburg mall still has a great chance to become that magical place it once was to all of us, it just needs people. People who feel the same as i do about its potential. Instead of auctioning it off, give it a face lift and a little attention. The I-69 is sure to bring travelers, and with them a desire to stop and see what everyone is talking about at the Dyersburg mall. thats my two cents.

-- Posted by movingfaraway on Wed, Nov 14, 2012, at 11:01 PM

People did more hanging at the mall than spending... Could have used some more men's stores... Nothing is attractive about it anymore that makes people want to shop there. Moving hit the nail dead on... last time iwas at home, i strolled thru there and it was like a ghost town. On a saturday at that..

-- Posted by DMASE on Wed, Nov 14, 2012, at 11:47 PM

I went to the Dyersburg Mall about a month ago and could not find anything that I cared to buy. Penney's didn't have much to choose from and even less sizes that I could wear. I went to Burk's and bought a pair of "ballerina slippers" that were supposed to be size 7-8. I wear a seven but could not wear these. The soles were size seven but the fabric for the top must have been about a size five-six and was stretched to fit the sole. I should have noticed at the time. I couldn't wear them once I got home and tried them on so I gave them to a charity rather that taking them back. I looked at a lot of merchandise in Burks and concluded I could get better buys at a nicer store when items were on sale, as is often the case. Years ago my second diamond ring came from a jeweler in the Dyersburg Mall. Some time later I had another jewelry store clerk look at it under a microscope and it had a crack, devalueing the worth a lot but I was charged as if it were in perfect condition. These sort of experiences discourage patrons from shopping there. I would like to see the mall exceed but the tenants can't afford the rent if they're not selling merchandise. The owners of the mall should lower the rent as it's better to have lower rent than no rent at all. It's sad that the mall is in this shape. I went to the Old Hickory Mall at Jackson today and the place was buzzing, so malls do still have appeal. Maybe someone should investigate and make some changes.

-- Posted by realworld on Thu, Nov 15, 2012, at 12:31 AM

I stopped shopping at JC Penny when they thought it would be cool to put homosexuals on their Fathers Day and Mothers Day Flyers...

-- Posted by swampfox on Thu, Nov 15, 2012, at 1:52 AM

SwampFox that decision would be from the JC Penny corporation to advertise in that manner not the Dyersburg Mall. The mall advertises as a whole where each individual store runs their own ads.

-- Posted by Nanna Bell on Thu, Nov 15, 2012, at 7:54 AM


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