The uncertain future of Rivertown Crossings Mall in Grandville has cast a pall over West Michigan’s retail real estate market, where demand from new entrants is strong but places to put them remain in short supply. 

Given the impending closure of the mall’s Younkers department store as parent company Bon-Ton Stores Inc. goes through bankruptcy liquidation and the ongoing struggles of other anchor tenants like Sears and Macy’s, retail industry experts have put the 20-year-old Rivertown Crossings on a list of shopping centers to watch. 

“I’d be a little nervous owning that right now, I really would,” said Mike Murray, a senior vice president of retail at the Grand Rapids office of Colliers International Inc.

 To continue reading, visit MiBiz.