What is Mall 205?


Quick Answer

Mall 205 is a 303,876-square-foot shopping mall on 22.16 acres of land in Portland, Oregon. Built in 1970, Mall 205 was acquired and renovated by CenterCal properties in 2001. In 2014, the mall was sold to Gerrity for $76.5 million.

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Full Answer

Mall 205 was formerly the location of Morningside Hospital, which closed in 1968. In a 1996 expansion of the Mall, a 75,000-square-foot multi-screen movie theater and food court were planned for inclusion. The theater was never added, but the food court was added later.

Mall 205 features over 40 stores. When the mall first opened, White Front and Montgomery Ward were the anchor stores. In 2001, Montgomery Ward closed its stores. As of 2015, some of the major stores at Mall 205 include Bed Bath & Beyond, Target, Home Depot, Famous Footwear and 24 Hour Fitness. The mall's Bed Bath & Beyond store is the chain's second site to feature an interior mall entrance. The two-story Target store is the largest Target in Oregon.

In addition to acquiring Mall 205, Gerrity, a Southern California company specializing in buying retail real estate, also acquired the adjacent property, Plaza 205. The Plaza 205 major tenants include Big Lots and Dollar Tree. Like Mall 205, Plaza 205 was built in 1970. However, Plaza 205 was renovated in 2003.

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