Lakeforest Mall - Gaithersburg

Mall's State
Address
701 Russell Ave
Phone:
(301) 840-5840
City/County
Gaithersburg
Zipcode
20877
Year Opened
1978
Number Stores
160
Hours of Operation
Mon-Sun 10am-9pm
Mall Photograhy
Lakeforest Mall
Mall's Background

Lakeforest Mall, also known as Lakeforest, is an enclosed shopping center located in Gaithersburg, Maryland. It is owned by Five Mile Capital Partners and managed by Urban Retail Properties. Its two levels house over 160 stores, a food court, and a large children's play area.

Lakeforest Mall first opened September 12, 1978. At that time, the mall's anchor stores were JCPenney, Sears, Woodward & Lothrop, and Hecht's. The mall was one of the first in the United States to feature an indoor ice skating rink on the lower level, in the "H section". The rink has since been superseded first by a multi-theater movie complex, then by a food court, which now occupies the place.

Originally developed, owned and operated by Taubman Centers, the Simon Property Group owned and managed the mall from 2007, when it purchased former owner and manager Mills Corporation. The company defaulted on its mortgage in 2011 and the mall was put up for sale after.