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AMERICAN VALUATION GROUP, INC. RETAINED FOR MAPLEWOOD MALL
Lansdale, PA (December 2007) - American Valuation Group, Inc. was engaged by the Ramsey
County Assessor on Maplewood Mall, a super-regional shopping mall located in Maplewood,
Minnesota (St. Paul metro), and three of the four department stores. The 945,000 square foot twolevel
enclosed mall, which opened in 1974 and renovated in 1995, is one of the largest malls in the
St. Paul submarket.
Maplewood Mall has an impressive collection of stores, family-friendly features, and a Food
Court all in a community setting. Anchored by Kohl's, Sears, JCPenney's and Macy's, the mall has
over 130 specialty stores including a two-level 40,000 square foot Barnes & Noble Bookstore with
a Starbucks Cafe, Express/Express for Men, Forever 21, Bath & Body Works, Lids, PACSUN, GAP,
New York & Co., Ann Taylor Loft, American Eagle Outfitters, Charlotte Russe, Old Navy, Victoria's
Secret, and more. Food service facilities include an 11-restaurant Food Court and Applebee's. There
is a double-decker Venetian Carousel located in center court. Simon Property Group, the largest
shopping mall REIT in the nation, owns the mall, and handles leasing and management.
American Valuation Group, Inc. has been retained for valuation of the Maplewood Mall and
three anchor stores for assessment purposes in a multi-year litigation proceeding. “The issue of
redevelopment and ‘highest and best use’ of older malls is one of the hottest topics in real estate
appraising today,” said Mark T. Kenney, MAI, SRPA, MBA, President of American Valuation
Group, Inc. He added, “Tax assessors are increasingly concerned about appropriate values for malls
with redevelopment potential.” Mr. Kenney is the author of “Does Shopping Mall Development
Create Business Value?”, and other shopping mall articles published in The Appraisal Journal, a
leading industry journal published by the Appraisal Institute.
American Valuation Group, Inc. is a leader in the appraisal of shopping malls and shopping
centers, and specializes in property tax appraisal and litigation support for assessors nationwide. For
information about appraisal support services, contact
Mark Kenney at (215) 855-1800 or visit our web site at www.ameri-val.com.
207 Abbey Lane
Lansdale, PA 19446Ph: 215.855.1800
Fax: 215.855.1782 Email: mkenney@ameri-val.com