Arts & Entertainment, etc. and Commercial Real Estate and Shopping Centers and Lafayette Square and Retail and Real Estate & Retail

Lafayette Square amusement center closes

March 29, 2012

The closing of America’s Incredible Pizza Co. in Lafayette Square Mall on Indianapolis’ west side leaves another big hole to fill at a shopping center that has lost several key tenants in recent years.

The indoor amusement center that had occupied 75,000 square feet shut down Sunday, according to the mall’s information center.

Calls to the corporate headquarters in Springfield, Mo., were not returned.

The pizza firm opened at the mall in July 2010 in a space occupied the previous two years by the Xscape amusement center. Legal challenges from the family of a 5-year-old boy who fell off a teacup ride operated by Indianapolis-based Zoom Entertainment LLC, the amusement park’s owner, prompted Xscape’s closure.

The America’s Incredible Pizza chain has 10 locations, including one near Greenwood Park Mall. The Greenwood site, which is operated by a different franchisee than the one at Lafayette Square, remains open.

Lafayette Square was about 85-percent occupied before the closing, according to IBJ statistics.

New York-based Ashkenazy Acquisition Corp. bought the 1.2 million-square-foot shopping center from Indianapolis-based Simon Property Group Inc. in December 2007.

Since then, anchors Macy’s, Sears and Steve & Barry’s have left the 44-year-old mall.

America’s Incredible Pizza Co. was the third-largest tenant in the mall behind a 141,000-square-foot Burlington Coat Factory and a 95,000-square-foot Shoppers World department store that opened in December 2008 on the first floor of a former JC Penney space.
 

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