Worcester, MA – Finard Properties, a real estate development and management company specializing in retail, office, and hospitality, announced the acquisition of the Greendale Mall, located at 7 Neponset St. in Worcester. Robert E. Griffin, Jr. and his team at Newmark Knight Frank represented the seller in the transaction.
Built in 1987, the Greendale Mall building is comprised of 308,863sf found on 21.76 acres at the junction of Interstates 290 and 190. Once well known as a favorite mall for local shoppers, changes in consumer behavior and mall proprietorship have rendered the property fairly vacant. However, the mall’s location in immediate proximity to downtown Worcester, and its accessibility from thriving metropolitan Worcester communities, makes the property a prime candidate for redevelopment. Finard Properties envisions a modern and unique, mixed-use destination.
Finard Properties has partnered with architectural and design team, Prellwitz Chilinski Associates (PCA) as well as Bohler Engineering, and is eager to engage with the Worcester community, municipal leaders, and local business owners as they prepare plans to reinvigorate the area as a destination that will provide a multitude of business opportunities.
Tenants that are currently at the property include TJ Maxx/Home Goods, Greendale Furniture, DSW, and Reliant Healthcare. Rob Robledo, senior vice president, CBRE is representing the ownership with regards to all leasing opportunities.