The Shoppes at Buckland Hills is on the market according to a listing by JLL, a real estate broker!
The mall has been listed on JLL's website. The mall is shown as an investment property, boasting 1.3 million square feet of leasable area on 60.8 owned-acres of land. The sale would include the mall building (except the anchor pads that are separately owned including both Macy's and Sears), surrounding land, and outparcel land including Red Robin, Longhorn, Market Grille, Dave & Busters, and Fairfield Inn & Suites. The mall has anchors including Macy's (2 anchor pads), Sears (dark), JC Penney, and a soon-to-be vacant anchor space currently occupied by Bob's Stores. Junior Anchors include Forever 21, H&M, Barnes & Noble, Shoe Department Encore, and Maggie McFly's. The mall currently has an occupancy rate of 79.3% including anchor spaces, 86.8% of inline space is occupied. The Shoppes at Buckland Hills is the #2 most visited regional mall in Connecticut according to JLL's cited statistics. The mall has been working through its own bankruptcy for years. The bankruptcy saw the mall owner, Brookfield Properties, lose control of the mall to a managing receiver, Spinoso Real Estate Group. Spinoso has been working to turn around the mall including bringing in new national tenants like BoxLunch by Hot Topic, EA Teriyaki, Gong Cha Bubble Tea, Hungry Pot, Go Calendar (semi-permanent location), and more! No asking price was included in the listing. Check out the full listing here: https://invest.jll.com/.../the-shoppes-at-buckland-hills We reached out to the listing agent last week for more information and comment, he has not responsed.
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