Charter Realty’s Enclosed Mall Division Secures Mall Leasing Contract
Charter Realty & Development is pleased to announce that it has been retained by RP Realty Partners LLC of Beverly Hills, CA to lease the Walpole Mall in Walpole, MA. Walpole Mall is a 391,000 SF regional mall anchored by Kohl’s, Old Navy and Barnes & Noble. The mall recently underwent a $30 million expansion and re-development and added a 45,000 SF LA Fitness, Famous Footwear, Panera, Five Guys Burger and Fries, and Chili’s. Charter will reposition and re-tenant the interior mall to capitalize on the market’s solid demographics and on the existing retail’s strong sales performance.
Walpole Mall is the latest addition to CRDC’s Enclosed Mall Division, which was formed in May to bring the same vision, and expertise to enclosed malls as Charter Realty has brought to the open center area for the past 16 years. This new division is led by industry expert Peter Elliott who brings extensive experience in the enclosed mall field. He has previously been with Simon Property Group, Pyramid Company, Urban Retail Properties, Commonwealth Development and Forest City. Peter has been involved in the leasing and redevelopment of enclosed malls totaling over 32 million square feet in 7 states (Massachusetts, Rhode Island, New York, Georgia, Virginia, Connecticut, and New Jersey). The Division offers leasing, redevelopment, management, and lenders advisory services for enclosed malls throughout the eastern United States. Charter will also pursue joint venture relationships in certain opportunistic instances.
Charter currently leases or owns over 90 properties totaling approximately 13,000,000 square feet throughout the eastern United States.
For more information or to contact Charter regarding its 13 million square feet of shopping centers contact Dan Zelson, Charter Realty & Development Corp., 183 Main Street, Westport, CT 06880, office (203) 227-2922, fax (203) 227-8388. For additional information on our company and project, access our website at www.chartweb.com.
