10:10 AM AKDT, November 1, 2011
The Bon-Ton Stores said today it will close its Bon-Ton store in the West Manchester Mall. The company announced it will not renew the store's lease, which will end in January 2012.
The closing will impact approximately 52 associates, who will be offered the opportunity to interview for available positions at other area Bon-Ton stores. There are three other Bon-Tons in York County, one at the York Galleria in Springettsbury Township, one at the Queensgate Shopping Center in York Township and one at 400 Eisenhower Drive in Hanover.
The store will close at the end of their respective lease terms. The Bon-Ton acquired the leasehold interests in the West Manchester store in 1979.
"The Company continually reviews the performance of its assets; as a result of these reviews, we made the decision to close the aforementioned stores," said Bud Bergren, president and chief executive officer. of the chain.
With corporate headquarters in York and Milwaukee, The Bon-Ton Stores, Inc. operates 275 department stores in the Northeast and Midwest.
The West Manchester Mall was put up for sale last month, with the mall's management, the New York-based Lightstone Group, marketing the property to "investors interested in redeveloping the 706,000-square-foot property into a power center."
Essentially, a power center ranges in size between 200,000 square feet to 400,000 square feet and houses any number of "big box" retailers with well-known monikers such as Dick's and Best Buy, said Larry O'Brien, a brokerage adviser with Rock Commercial Real Estate in York.