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Vermont

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DevelopmentLeasingMixed-useNewsVermont

Heidenberg Rebrands, Signs Leases Totaling 60,000 Square Feet at Berlin Mall in Vermont

by Hayden Spiess

Berlin, Vt. — Heidenberg Properties Group has rebranded Berlin Mall as Central Vermont Marketplace in Berlin. This comes as part of the property’s transition to a mixed-use development, which included the opening of Chesnut Place, a 98-unit senior living facility. Heidenberg has also added two new retailers, which occupy a total of 60,000 square feet. Five Below opened a store at the property in February and Hobby Lobby took over the former JC Penney anchor space in April. Heidenberg has also obtained approval for the addition of 30 residential units …

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Tractor Supply Co.
DevelopmentFinanceNew HampshireNewsVermont

Two Tractor Supply Locations Open in Vermont, New Hampshire

by Hayden Spiess

Enosburg Falls, Vt. and Somersworth, N.H. — Two Tractor Supply Co. Stores comprising 19,097 square feet each have opened in Vermont and New Hampshire. The two stores also each feature 20,000 square feet of outdoor display, retail and garden space. Subsidiaries of New England Retail Properties — both owned and headed by chief executive officer Matt Halprin — have completed the ground-up development of the two properties, following six months of construction. Located in Enosburg Falls, the Vermont store was developed by Enosburg Development Partners LLC. Somersworth Development Partners LLC …

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Investment salesNewsVermont

Big V Property Group Acquires 47,837-Square-Foot Retail Village in Stratton, Vermont

by Julia Sanders

Stratton, Vt. — Big V Property Group has acquired The Village at Stratton, a 47,837-square-foot retail center in the Vermont ski resort town of Stratton. The Village at Stratton was fully leased at the time of sale to a roster of 20 tenants. Big V acquired the property as part of a portfolio sale that included The Village at Snowshoe in West Virginia and The Village at Copper Mountain in Colorado. The seller was not disclosed.

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University Mall
Investment salesNewsVermont

Taconic Capital Advisors, Eastern Real Estate Acquire 617,000-Square-Foot University Mall in Vermont

by Julia Sanders

South Burlington, Vt. — A partnership between Taconic Capital Advisors and Eastern Real Estate has acquired University Mall in South Burlington, a city in northwest Vermont. The 617,000-square-foot property is the largest mall in the state. Local news outlet WCAX reported that the sales price was $60 million. The seller was not provided. The new owners say they are exploring a range of plans to reenergize the shopping center, which is located less than one mile from the University of Vermont, The University of Vermont Medical Center and Burlington International …

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Company newsDevelopmentNewsPennsylvaniaRetailersVermont

Heidenberg Properties Group Redevelops Two Retail Properties in Pennsylvania, Vermont

by Alex Tostado

Hummelstown, Pa. and Berlin Vt. — Heidenberg Properties Group is redeveloping two retail properties in the midst of the coronavirus pandemic. The Closter, New Jersey-based owner and developer is working to redevelop Hershey Square Shopping Center in Hummelstown and Berlin Mall in Berlin. Anchor tenant Kmart vacated 107,000 square feet within Hershey Square in March 2019. Heidenberg Properties has been underway leasing the space with 10-year leases to multiple tenants, including Planet Fitness, TJ Maxx, Big Lots and Five Below. Additionally, Chipotle Mexican Grill will occupy space at a new …

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