Nittany Mall

What Nittany Mall does

Nittany Mall is a single-location, enclosed shopping center at 2901 East College Avenue in State College, Pennsylvania, serving local residents and Penn State University visitors. The property houses approximately 27 tenants across fashion (Maurices, Bath & Body Works), telecommunications (T-Mobile, AT&T Wireless), fitness (Planet Fitness), specialty retail (Spencers Gifts, Foto Fantasy, Good Scents Candles Company), dining (Taproot Kitchen, La Caribbean Corner, Ville Billy's), and services (Spherion Staffing Services, plus an incoming Buccos Roofing). The mall does not sell products directly to consumers.

Revenue is generated by leasing physical retail space to tenants under commercial lease arrangements; pricing is tenant-specific and not publicly disclosed. Marketing is conducted through the mall's website (shopnittanymall.com), a VIP/E-Club email program, social sharing on Facebook and Twitter, and in-mall community events. The website provides a store directory, deals calendar, events listings, and lifestyle/trends editorial content.

Nittany Mall is owned by Namdar Realty Group, a national shopping center investor and manager. The website and digital platform are operated by Placewise LLC under the Placewise mall management platform, which provides the store directory, deal/event management, and VIP membership features. No public ownership, venture capital backing, funding rounds, M&A, product launches, regulatory actions, or leadership changes were identified in the available data.

Name

Nittany Mall

Legal name

Nittany Mall

Website

https://shopnittanymall.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Nittany Mall is a single-location shopping center in State College, Pennsylvania, owned by Namdar Realty Group and digitally operated by Placewise LLC, leasing space to approximately 27 retail, dining, and service tenants serving the local community and Penn State University visitors.

Ownership category

akta.pro rank

Product category

Shopping Mall / Retail Real Estate

NAICS

General Merchandise Retailers (455)

SIC

Retail-Misc General Merchandise Stores (5399)

akta.pro industry

PRIMARYCRAGAFAH

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

Consumer Products & Retail/General Merchandise & Department Stores/Regional Department Stores

SECONDARYCRAGACAH

Mid-Tier Department Stores (Mall-Based Chains)

Consumer Products & Retail/General Merchandise & Department Stores/Mid-Tier Department Stores

Keywords

• Shopping mall
• Retail leasing
• Store directory
• Mall events
• Consumer retail

Headquarters

HQ city

State College

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Marketing or Sales, Personnel

Revenue model

1. Retail Space Leasing: The mall generates revenue by leasing physical retail space to various tenants including clothing stores, services, restaurants, and specialty retailers. Tenants pay rent for space in the shopping center.

Distribution channels1 record

Marketing channels4 records

Core offering

Nittany Mall is a physical shopping center in State College, Pennsylvania that leases retail space to approximately 27 tenants across categories including fashion, telecommunications, fitness, specialty retail, dining, and services. The mall operates a website providing store directory listings, local deals, community event information, lifestyle articles, and a VIP membership club, all powered by Placewise LLC's digital platform.

Product overview

Nittany Mall is a shopping center website operated by Placewise LLC and owned by Namdar Realty Group. The website provides mall-related services including store directory listings, local deals and sales, community events information, lifestyle articles and shopping trends, a VIP membership club, and general mall information such as directions, contact details, leasing opportunities, employment listings, and operating hours. The mall houses approximately 27 retail stores, restaurants, and service providers across categories including fashion (Maurices, Bath & Body Works), telecommunications (T-Mobile, AT&T Wireless), fitness (Planet Fitness), specialty retail (Spencers Gifts, Foto Fantasy, Good Scents Candles Company), dining (Taproot Kitchen, La Caribbean Corner, Ville Billy's), and various services including staffing, security, and automotive services.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Space Leasing Physical retail storefront leasing service for tenants including clothing stores, restaurants, fitness centers, specialty retailers, and service providers occupying approximately 27 spaces at the mall.
• Deals and Sales Directory Online listings of current deals, sales, and promotions available at tenant stores within Nittany Mall, accessible to shoppers through the mall website.
• Community Events Calendar Calendar of community events, seasonal activities, and in-mall gatherings hosted at Nittany Mall for shoppers and local residents.
• VIP/E-Club Membership Program Free loyalty program that lets shoppers follow their favorite mall stores, receive exclusive deals and promotions, and get early notifications about sales and events via email newsletter.
• Leasing Opportunities Information and inquiry channel for prospective retail tenants interested in leasing available storefront space at Nittany Mall.

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

Two partnerships are on record, tiered core.

• Namdar Realty GroupcoreOthersThe mall is owned by Namdar Realty Group, a real estate investment and management company that owns shopping centers across the United States. Namdar Realty Group provides property ownership and management oversight for the mall.
• Placewise LLCcoreOthersPlacewise LLC operates the mall's website and digital platform (shopnittanymall.com). They provide the technology infrastructure for the mall's online presence including the store directory, deals, events, and VIP membership features.

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• PREIT (Pennsylvania Real Estate Investment Trust): Pennsylvania-headquartered REIT that owns and operates enclosed malls and power centers, primarily in the Mid-Atlantic and Northeast. Directly comparable on geography (Pennsylvania concentration) and asset type (regional enclosed malls).
• Brookfield Properties: Global real-estate operator with a substantial U.S. retail portfolio of enclosed malls and shopping centers. Comparable as a broad incumbent in the regional-mall / shopping-center category at significant scale.
• Kimco Realty: The largest publicly traded owner of open-air grocery-anchored shopping centers in North America. Comparable as a broad incumbent in multi-tenant retail real-estate, though the format skews toward neighborhood centers rather than enclosed malls.
• Macerich: U.S. REIT focused on regional malls and lifestyle centers in top metropolitan and higher-education markets. Comparable as a broad incumbent in regional-mall operations, with similar tenant mix and digital engagement initiatives.
• Brixmor Property Group: Public REIT that owns and operates a national portfolio of open-air shopping centers. Comparable as an incumbent in multi-tenant retail real estate, though its portfolio skews more toward grocery-anchored community centers than enclosed malls.
• CBL & Associates Properties: REIT that owns, manages, and develops a portfolio of enclosed malls, open-air centers, and outlet properties primarily in the South and Midwest. Comparable as a broad incumbent in the regional-mall operating category.
• Phillips Edison & Company: Public REIT focused exclusively on grocery-anchored neighborhood and community shopping centers across the U.S. Comparable as a broad incumbent in multi-tenant retail real-estate leasing and tenant-mix management, with similar reliance on stable middle-market tenants.
• Federal Realty Investment Trust: REIT focused on high-quality open-air, mixed-use, and town-center retail in dense U.S. markets. Comparable as an incumbent in multi-tenant retail real-estate with comparable tenant-engagement and merchandising emphasis.
• Simon Property Group: The largest U.S. mall and lifestyle-center REIT, operating hundreds of regional malls, premium outlets, and lifestyle centers. Comparable as a broad incumbent in the same enclosed-mall real-estate category, though at vastly greater scale.

Direct peers

• Namdar Realty Group: Direct parent company that owns and operates a portfolio of community and regional shopping malls across the U.S. Nittany Mall is one asset within its portfolio, making sibling Namdar-owned malls the most directly comparable single-asset peers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/nittanymall
• LinkedInlinkedin.com/company/nittany-mall

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 Nittany Mall