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Woburn Mall Under New Management

Burlington company takes over mall; seeks more tenants.

 

The Woburn Mall is under new management, after being sold in September.

KeyPoint Partners, a corporation located at One Burlington Woods Drive in neighboring Burlington, has acquired the property management and leasing contract of the mall, said Chris Cardoni, the marketing manager for KeyPoint.

The Mishawum Road shopping center was sold to Multi-Employer Property Trust (MEPT) in September. According to the city's Assessors' Database, Koffler/GID Woburn LLC was the previous owner of the mall. 

The 271,260 square-foot main Woburn Mall building was constructed in 1984. A secondary building, housing Qdoba and Colonial Liquors, was built in 2001. Both buildings are valued at a total of $12.8 million, according to the Assessors' Database.

Currently at the mall are several retailers, including Market Basket, TJ Maxx, Sports Authority and Talbots. But KeyPoint Partners said it is looking for additional tenants to fill the empty storefronts.

“We’re seeking a quality anchor tenant to complement the Woburn Mall’s current national retailers and in-line and kiosk merchants in order to further enhance the Mall and add synergy to the marketplace,” said Vice President of Leasing Don Mace. “There’s flexibility to configure unit sizes to accommodate a variety of tenants.”

In addition to adding tenants, KeyPoint Partners is looking to improve aesthetics at the mall, said Cardoni.

"KeyPoint Partners will be evaluating opportunities on behalf of MEPT to improve both the interior and exterior of the Mall," said Cardoni in a statement. "KeyPoint Partners also intends to introduce a regular series of events for the Woburn community, with promotions for and by Mall tenants."

What stores would you like to see at the Woburn Mall? Tell us in the comments below!

 

 

Arlene October 19, 2012 at 09:19 PM
I would love to see a Macy store, and a Christmas Tree shop.
Kerry King October 20, 2012 at 10:04 PM
Too bad that Mrs. Medeiros isn't there anymore to oversee it all. End of an Era. She put her heart and soul into it.
Elizabeth Foley October 22, 2012 at 03:37 PM
I would like to see a Quilt Shop/fabric store. The nearest quilt shop is about 20 minutes away through traffic.
Aaron B October 22, 2012 at 03:54 PM
Hmm, some kind of fabric place. ;)
R.M. Busconi October 29, 2012 at 03:04 PM
Yes a fabric store would be fantastic, "The Fabric Place" was in this mall for many years and I would drive from Watertown just to shop this store. Jo-Anns fabric store just doesn't compare to a real fabric store. ALSO PLEASE,PLEASE PLEASE TURN DOWN THE HEAT!!!!! THIS MALL IS ALWAYS TOO HOT. (LIKE A SAUNA)!!!! CONSERVE ENERGY AND TURN IT DOWN !!!!!!

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