The Shoppes at Buckland Hills has new owners pending bankruptcy court approval. According to the court docket, the mall's creditor, Wells Fargo, has accepted an offer on the mall in the amount of $25.8 million from Namdar Realty Group and Mason Asset Management INC. This is a deeply troubling development for the mall. Namdar is the owner of most of Connecticut's struggling malls including Crystal Mall, Enfield Square Mall, Trumbull Mall, and the Meriden Mall. I usually don't interject with my own opinion but Namdar (in my opinion) is a slumlord mall owner. They own distressed malls around the country and let them fall into disrepair. In 2023 Enfield threatened to shut their mall down over failure to repair building safety systems. Earlier that same year, the town demolished a portion of the Macy's building after the roof collapsed and the mall owner failed to act in a quick manner. The mall's current manager, Spinoso, was appointed as a receiver while the property was going through bankruptcy. Spinoso ushered in new national tenants during their tenure including Gong Cha, BoxLunch, Hungry Pot, EA Teriyaki, Snipes, and others. As one of the biggest proponents of The Shoppes at Buckland Hills, I am truly worried for its future under this new ownership if the sale goes through. The deal is still subject to small-creditor and court approval. Your browser does not support viewing this document. Click here to download the document. ![]()
1 Comment
Pam Whittemore
1/16/2025 10:54:49 am
The town does not need more blight .
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