"We are excited about our entry into the Boston market," says Expo Design Center president Bryant Scott. An offshoot of Home Depot, Expo now has 20 stores nationally, and is an aggressive growth mode. The Burlington store is Expo's first in Massachusetts. Scott says he believes the centralized location of the Middlesex retail site will serve the company well as it tries to break into the local market.
Edens & Avant purchased the 234,000-sf mall from Samuels Property Group for $21.6 million. The South Carolina-based company has changed the 26-year-old mall's name to Middlesex Commons, and has altered the format from a traditional indoor mall to an open-air shopping center, in keeping with the firm's retailing strategy. Other tenants in the property include Linens & Things, Kitchens Etc. and a Demoulas Market Basket supermarket.
Edens & Avant acquired the Burlington property as part of a portfolio acquisition of retail centers from Samuels. Also included in the deal was the South Bay power center in Boston. Today, Edens & Avant has more than 250 owned and managed centers in 18 states, properties featuring more than 4,500 retail tenants.
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