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Vintage Real Estate acquires The Mall at Whitney Field


Leominster, Mass. -- Vintage Real Estate has purchased The Mall at Whitney Field, a 700,000-sq.-ft. regional shopping center in Leominster, Mass., about 35 miles west of Boston. Anchors include Macy’s, Sears, J.C. Penney, Market Basket, Toys “R” Us and Old Navy.

Concurrent with the acquisition, Burlington Coat Factor signed a 10-year lease for a 66,000-sq.-ft. space formerly occupied by Circuit City.

About 70 inline retailers and restaurants make up the remainder of the tenant list. National names include Victoria’s Secret, Bath & Body Works, Justice, Payless Shoes and Panera Bread. The center’s average sales per square foot is $355, which is above the national average.

The mall changed hands in 2007 for $82 million, including the assumption of a $74.5 million loan. The lender foreclosed in November 2010 with a $72.2 million loan balance. Eastdil Secured marketed the property.

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