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Colonie Center

Address: Central Ave. and Wolf Rd.
Colonie, NY 12205
Employees: 700+
General Manager: Connie Stankivicz


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Colonie Center is the second largest shopping mall in the Albany area behind Crossgates Mall with 1.3 million square feet. The mall underwent a dramatic renovation completed in 2008 that cost more than $80 million.

Anchor stores include Macy's, Boscov's, Sears, LL Bean and Christmas Tree Shops. Restaurants in the mall include Cheesecake Factory, P.F. Chang's China Bistro, Moe's Southwestern Grill and Five Guys. Barnes & Noble also operates a book store in the mall and moved there in 2007 from another location across Wolf Road.

A Regal Cinema opened in the summer of 2008 with 14 screens on a new third level of the mall.

Whole Foods opened a new store on June 18, 2014 in a corner of the mall subleased from Sears.

The mall has two floors, 120 stores and 1.32 million square feet of space. It is located just off Exit 2E from I-87 North.

Colonie Center opened in 1966. Annual reported sales for all stores in the mall is $245 million.

Feldman Mall Properties, a real estate investment trust specializing in shopping malls, purchased Colonie Center in February, 2005 for $82.2 million. The company remodeled the exterior and interior of the mall adding new floors, flat-panel screens and sofas.

Feldman sold Colonie Center in 2009 to Heitman Value Partners, a private equity fund.

KKR, along with other partners, purchased the mall in 2013.

Updated August 8, 2014


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