Vermont Business Magazine KeyPoint Partners, LLC (KPP) the Burlington, MA-based commercial real estate service firm, has announced that Target and H&M have held grand openings at University Mall in South Burlington – the first in the state for both retailers. The new Target store occupies a prominent 60,000-square-foot anchor space formerly occupied by The Bon-Ton. KPP Vice President of Leasing Don Mace negotiated the leases. KPP manages and leases UMall on behalf of the owner. Target officially opened October 21.
Over a year ago KeyPoint Partners announced an ambitious plan to revitalize University Mall, and the South Burlington retail market, with major new tenants. The plan was successfully implemented with the opening of Vermont’s first Target and H&M stores.
KPP also recently negotiated a lease with L Brands to relocate and expand the Victoria’s Secret and Bath & Body Works stores, and a lease with Shoe Dept. to open its Encore format. New pylon signage has been installed on the property, and additional enhancements are in the works, including a plan to implement a modern Food Hall concept incorporating local food vendors and products.
“H&M and Target openings were extremely successful events at the mall. Customers throughout the state responded very well to both openings, and traffic to the mall has been incredible,” says Mace. “We’re very pleased with the revitalization efforts to date, and have many more in store.”
UMall, located on Dorset Street in South Burlington, is Vermont’s largest enclosed mall at more than 610,000 square feet. UMall is anchored by Kohl’s, JCPenney, and Sears, and includes more than 80 retailers and restaurants such as Charlotte Russe, American Eagle, Zumiez, Christopher & Banks, Applebee’s, and many others. Outparcel merchants include Hannaford Supermarket, Party City, Vitamin Shoppe, and People’s United Bank. For complete information about UMall visit http://www.umallvt.com/.
KeyPoint Partners:
Headquartered in Burlington, MA, KPP is the region's premier commercial real estate service firm, providing property and asset management services for over 21 million square feet of retail, office, and industrial properties, leasing for retail properties totaling more than 7 million square feet, and tenant representation services for local, regional, and national retailers. The firm provides a wide range of services to retailers, property owners, and financial institutions including retail brokerage, investment sales, property and asset management, construction, custom market research, and financing/consulting services.
BURLINGTON, MA (10.29.2018) — KeyPoint Partners KeyPointPartners.com.