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

Town Center mall has new owner

Posted: Updated:

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.

Related Story:

Town Center Mall being sold

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WCAX. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.