W/S Development Associates has taken control of the Seekonk Square Shopping Center, a 230,000-sf regional mall located near Interstate 95. The Chestnut Hill-based firm has entered into a joint venture with the current owners, Seekonk Square Realty Trust, according to W/S principal Stephen R. Weiner.
S.R Weiner and Associates, a related firm, will be responsible for managing and leasing the center. The mall, which opened in 1985, has been one of the area's leading retail developments, drawing not only from surrounding southeastern Massachusetts communities, but also shoppers from the nearby Providence, RI market.
In a related move, the joint venture has also acquired an abutting site previously occupied by Lechmere where a 125,000-sf Target department store will be constructed. Adding to an aggressive expansion program into the state, with stores already in Danvers and Saugus, Target plans to open the Seekonk facility by the fall of 2001.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.