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Boston & New England  + New England  + Retail  | 
University Mall in South Burlington has been acquired by Taconic Capital Advisors and Eastern Real Estate.

Taconic, Eastern Partner for Mall Purchase in South Burlington

Taconic Capital Advisors and Eastern Real Estate have partnered to acquire University Mall in South Burlington, VT. The property is 95 percent occupied with over 50 local and national shops and restaurants and is considered a major retail hub for shoppers from across the region, including Quebec.

The 617,000-square-foot shopping destination is the largest in VT as well as the most-visited in the state with an estimated 3.9 million annual visitors. The property features JCPenney, Kohl’s, Hannaford Brothers grocery store and Target (the first and only Target to open in VT).

Eastern Real Estate will oversee the planning, leasing strategy and overall positioning of the mall, while KeyPoint Partners will maintain its role as property manager.

The new owners are planning to reenergize the mall, which is one mile from the University of Vermont, The University of Vermont Medical Center and the Burlington International Airport.

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Taconic Capital Advisors

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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