The Bon-Ton Department Stores Inc., which has corporate headquarters offices in Milwaukee and York, Pa., recently purchased the Boston Store property at Southridge Mall in Greendale from Anthony Palermo for $3.925 million, according to state records.
“We just exercised an option to purchase that we had for that store,” said Bon-Ton spokeswoman Mary Kerr. “We felt it would be financially optimal to own this location.”
Bon-Ton completed a substantial remodeling of the Southridge Boston Store in 2012. The project was done at the same time that Indianapolis-based Simon Property Group Inc. did a major remodeling of the entire mall and added Macy’s to the former Younkers store space.
Bon-Ton operates 270 department stores in 25 states under several brand names, including Boston Store.