News: Front Section
Posted: September 30, 2010
CBRE | The Boulos Company named listing agent for 300,000 s/f Auburn Mall
CBRE | The Boulos Company has been named the exclusive listing agent for the sale of the Auburn Mall. The Auburn Mall is a 300,000 s/f, enclosed regional mall situated on 37.5 acres. The property is listed for sale at $32 million.
The mall is anchored by JCPenney and TD Bank and includes a host of national and regional tenants including Walden Books, Bath & Body Works, Olympia Sports, CJ Banks, Kay Jewelers and two new outparcels which will include a Goodwill retail store and Town Fair Tire.
The current owner has secured several new tenants and the mall is currently at 85% occupancy, providing a new owner with national connections and the opportunity to increase income and cash flow.
The property is ideally located in central Maine servicing the larger community of Lewiston/Auburn. The Auburn Mall represents one of only three enclosed malls in the entire State of Maine.
Please contact Craig S. Young, CCIM, Partner at CBRE | The Boulos Company for additional details regarding this unique investment property.
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