Colonie Center

What Colonie Center does

Colonie Center is a 1.3 million square-foot enclosed regional shopping center located at 1417 Central Avenue in Albany, New York, serving the Albany MSA / New York Capital Region. It operates as a physical retail destination housing over 100 specialty stores, restaurants, and service providers, anchored by three department-store-class tenants — Macy's, Boscov's, and Whole Foods Market — and differentiated by market-exclusive draws including the only L.L.Bean retail store in New York State and the only P.F. Chang's China Bistro in the Capital Region. Entertainment amenities include a 13-screen Regal Cinemas digital complex and At The Pier Arcade (50+ games), and the property supports guest amenities such as free property-wide WiFi, a family lounge with nursing/changing facilities, stroller and wheelchair rental, EV charging stations (including Tesla Supercharger), and a dog-friendly common-area policy.

The underlying technology is conventional mall infrastructure: a physical enclosed retail environment supplemented by standard digital amenities (digital cinema projection, public WiFi, a WordPress-based website at shopatcoloniecenter.com, and social channels on Facebook, Instagram, and Twitter). There are no disclosed proprietary software platforms, APIs, AI/ML systems, or data products. Marketing and shopper engagement are driven through the "Colonie Center Insider" email newsletter, 50+ annual community events and activations, and a deals/promotions hub surfacing individual tenant offers.

Colonie Center's business model is a landlord/real-estate-operator model: revenue is generated by leasing retail and restaurant space to its tenant roster, supplemented by advertising and event-related income. The property is privately held and operated by Pacific Retail Capital Partners, Inc., a Los Angeles-based retail real-estate investment and management firm (corporate HQ at 2029 Century Park East, Suite 1550). Tenant pricing and lease economics are not publicly disclosed. Colonie Center is branded as "A Pacific Retail Property" and has been recognized as the Capital Region's "Best Of" Shopping Center by Times Union readers for more than 12 consecutive years.

Name

Colonie Center

Legal name

Colonie Center

Website

https://shopatcoloniecenter.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Colonie Center is a 1.3 million square-foot enclosed regional shopping mall in Albany, NY, operated by Pacific Retail Capital Partners, leasing space to over 100 retail, dining, and entertainment tenants serving Capital Region consumers.

Ownership category

akta.pro rank

Product category

Shopping Center / Retail Real Estate

NAICS

General Merchandise Retailers (455), Department Stores (4551)

SIC

Retail-Department Stores (5311)

akta.pro primary industry

Regional Department Store–Anchored Multi-Category Retail (Store-in-Store) (CRAGAFAH)

Keywords

• Shopping center operations
• Retail property leasing
• Commercial real estate
• Tenant space leasing
• Enclosed mall management

Headquarters

HQ city

Albany

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Others

Revenue model

1. Retail Tenant Leasing: Colonie Center generates revenue by leasing space to retail tenants including anchor stores (Boscov's, Macy's, Whole Foods), specialty stores, restaurants, and service providers. The center serves as a landlord/real estate operator model.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Colonie Center operates a 1.3 million square-foot enclosed regional shopping center in Albany, NY, leasing retail space to anchor stores (Whole Foods, Boscov's, Macy's), specialty retailers, restaurants, and entertainment venues. The center serves as the Capital Region's premier shopping, dining, and entertainment destination, generating revenue through tenant lease agreements and offering visitors a curated mix of market-exclusive brands and family-friendly amenities.

Product overview

Colonie Center is a physical retail mall, not a software product company. It operates as a 1.3 million square-foot regional shopping center in Albany, NY, offering a unified platform of retail, dining, and entertainment experiences. The center's portfolio includes anchor department stores (Macy's, Boscov's, L.L.Bean, Whole Foods), specialty retail stores (Sephora, Ulta Beauty, JD Sports, Barnes & Noble, Bath & Body Works, Five Below, J. Crew Factory), restaurants (P.F. Chang's, BJ's Brewhouse, Auntie Anne's), entertainment venues (Regal Cinemas 13-screen digital cinema, At The Pier Arcade), and guest amenities (free WiFi, Family Lounge, wheelchair/stroller rental, electric car charging). The center hosts over 100 specialty stores and 50+ annual events.

Differentiator

Problem solved

Functional benefit

Products and services

• Colonie Center Mall

Named customers6 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Pacific Retail Capital PartnerscoreOthersParent company and property manager of Colonie Center. Pacific Retail Capital Partners operates and manages the shopping center, handling leasing, advertising, and general management operations.

Scale indicators6 records

Recent moves1 record

Expansion highlights3 records

Broad incumbents

• Westfield (URW): Global owner/operator of major regional and super-regional malls. Broad incumbent with significant US Northeast presence and overlapping anchor-tenant ecosystem.
• Simon Property Group: Largest US mall REIT operating premier Class A malls nationwide. Broad incumbent in the same industry with overlapping anchor-tenant relationships (Macy's, etc.) and far larger portfolio scale.
• Macerich: Major US mall REIT with regional and super-regional mall portfolio. Comparable mall-operator business model with department-store anchors in many of the same retail categories.
• Brookfield Properties: Large retail property operator managing enclosed malls and lifestyle centers in the US. Overlapping tenant base and mall-operating model at significantly greater scale.
• PREIT: US mall REIT operating enclosed regional malls across the Mid-Atlantic and Northeast, overlapping Colonie Center's geographic and tenant mix. Comparable mall-format operator in similar regional markets.

Direct peers

• Crossgates Mall: Also a 1M+ sq ft enclosed regional mall serving the Albany/Capital Region market. Direct head-to-head competitor for the same shopper base, anchor tenants (Macy's, etc.), and specialty leasing.
• Poughkeepsie Galleria: Enclosed regional shopping mall in Poughkeepsie, NY, with a similar anchor mix (Macy's, Target, Best Buy) and comparable scale. Comparable Class B/secondary-market regional mall format in upstate New York.
• Holyoke Mall at Ingleside: Enclosed regional mall in Holyoke, MA — adjacent regional market with similar tenant mix including Macy's and BJ's. Direct peer for secondary-market New England mall operations.
• Burlington Mall: Large enclosed regional mall north of Boston with department store anchors and specialty retail. Comparable in size, anchor mix, and regional-mall positioning in the Northeast.
• Solomon Pond Mall: Enclosed regional mall in Marlborough, MA with Macy's, JCPenney, and Sears anchors plus 100+ specialty stores. Comparable secondary New England mall format and tenant structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/coloniecenterny
• Facebookfacebook.com/ShopColonieCenter
• Instagraminstagram.com/coloniecenter

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Colonie Center