Burlington Mall Names New Restaurants, Retailers
Shake Shack, Fogo De Chao, Bennett’s Sandwich Shop and Parm will open in a portion of the Burlington Mall formerly occupied by Sears and undergoing an extensive renovation project.
Shake Shack, Fogo De Chao, Bennett’s Sandwich Shop and Parm will open in a portion of the Burlington Mall formerly occupied by Sears and undergoing an extensive renovation project.
Augusta, Georgia-based Hull Property Group has acquired The Mall at Whitney Field, a 744,000-square-foot regional retail center in Leominster anchored by Market Basket, for $16 million.
More Massachusetts retail plazas and malls will be losing longtime anchor stores by early next year as Sears Holdings Corp. closes 96 more Kmart and Sears locations across the country.
While the urban core in Boston and its environs appears poised for continued growth amid an explosion of luxury condominium and apartment towers, it’s a different picture in the suburbs, where the loss of major anchor stores is hitting the hardest.
Simon Property Group has submitted redevelopment plans to convert the 196,000-square-foot spaces formerly occupied by Sears at the Burlington Mall into a retail lifestyle center called the Burlington Mall Retail Collection.
Sears completed a $55 million sale and short-term leaseback of its CambridgeSide property as the struggling retail giant attempts to stabilize its finances.