Town Center mall has new owner - WCAX.COM Local Vermont News, Weather and Sports-

Town Center mall has new owner

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BURLINGTON, Vt. -

It's a done deal -- the Burlington Town Center now has a new owner.

The Devonwood Investment group out of New York City has purchased the mall. A lawyer with ties to the deal confirmed the news with Channel 3 Monday afternoon.

Devonwood has said it would like to add a new anchor tenant to the property like L.L. Bean or Target. The company says it is also considering a new hotel for the downtown location.

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Town Center Mall being sold

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