Cafaro Company
TypePrivate
IndustryRetail
Founded1949 (1949)
FoundersWilliam M. Cafaro and John A. Cafaro
Headquarters
Niles, Ohio, U.S.
Area served
United States
ServicesProperty management
Real estate development
Websitewww.cafarocompany.com

The Cafaro Company is an American property management and real estate development company which owns several retail shopping centers throughout the United States. Based in Niles, Ohio, it is the largest privately owned shopping center development and management company in the U.S., managing more than 30,000,000 square feet (2,800,000 m2) of commercial real estate throughout the country.[1][2]

History

Brothers William M. Cafaro and John A. Cafaro began developing grocery stores for Kroger starting in 1942.[3] In 1949, the Cafaros formed the Cafaro Company and began developing shopping centers, starting with a grocery plaza in Sharon, Pennsylvania.

The two brothers managed the non-grocery tenants in the centers they developed. In 1965, they opened their first regional shopping mall property, American Mall in Lima, Ohio.[1] The company’s first regional mall projects were localized to Ohio, Michigan, Indiana, Pennsylvania, and West Virginia throughout the 1970s and 1980s.[1] In 1970, Cafaro opened the first enclosed mall in Iowa, Kennedy Mall in Dubuque.[3] In 1988, Target Corporation asked the company to develop centers for the retailer in the Pacific Northwest, expanding the company portfolio to Washington and Oregon.[1] In April 1998, William M. Cafaro died. His son, Anthony M. Cafaro, Sr., became president after having overseen leasing and construction operations since 1969.[3]

Leading in to the 21st century, the Cafaro Company divulged in portfolio diversification with projects such as the Eastwood Field baseball park and multi-function complexes such as the renovated Millcreek Mall and Spotsylvania Towne Centre.[3] Anthony M. Cafaro, Sr. retired as president of the Cafaro Company in December 2009, and was succeeded by his sons Anthony Cafaro, Jr. and William A. Cafaro.[4] Under their leadership, the company has made investments in residential real estate.

Enclosed mall properties

Property Name Location
Eastwood Mall Niles, Ohio
Governor's Square Mall Clarksville, Tennessee
Huntington Mall Barboursville, West Virginia
Kennedy Mall Dubuque, Iowa
Kentucky Oaks Mall Paducah, Kentucky
The Mall of Monroe Monroe, Michigan
Meadowbrook Mall Bridgeport, West Virginia
Millcreek Mall Erie, Pennsylvania
Ohio Valley Mall St. Clairsville, Ohio
Sandusky Mall Sandusky, Ohio
South Hill Mall Puyallup, Washington
Spotsylvania Towne Centre Fredericksburg, Virginia

Former properties

Property Name Location
American Mall Lima, Ohio
Ashtabula Towne Square Ashtabula, Ohio
Beaver Valley Mall Monaca, Pennsylvania
Charleston Town Center Charleston, West Virginia
Eastgate Plaza (formerly Eastgate Mall) Wichita, Kansas
Five Points Mall (formerly North Park Mall) Marion, Indiana
Fort Saginaw Mall Saginaw, Michigan
Marion Centre (formerly Southland Mall) Marion, Ohio
McGuffey Mall Youngstown, Ohio
Southern Park Mall (co-developer) Boardman, Ohio
Tallahassee Mall Tallahassee, Florida

Canceled

References

  1. 1 2 3 4 Shearin, Randall (May 2006). "Cafaro's Next Generation". Shopping Center Business. Archived from the original on 2008-02-28. Retrieved 2008-06-04.
  2. ↑ "Cafaro". Archived from the original on 2007-03-07. Retrieved 2007-02-24.
  3. 1 2 3 4 "About Cafaro". cafarocompany.com. Cafaro Company. Retrieved October 13, 2022.
  4. ↑ "Cafaro Co. announces senior retirements". Chain Store Age. Retrieved 2020-12-29.
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