66,500-SF Woodburn Mall Expansion Underway

WOODBURN, OR-Craig Realty Group of Newport Beach, CA has re-launched a 66,500-sf expansion of its 234,000-sf Woodburn Company Stores outlet mall between Portland and Salem in Interstate 5. A grand opening is scheduled for early November.

The $5.1-million expansion, originally 72,000 sf and $7.5 million, was put on hold following the events of Sept. 11, 2001. It shrunk by 5,500 sf due to a decreased demand for space as a result of the economic downturn.

The expansion, being handled by Portland-based S.D. Deacon, will add space for 22 outlet stores and cafes. Site grading and parking for the expansion was completed in 2001, but the pre-lease commitments necessary to gain construction financing have been hard to come by since September of that year as the economy has struggled.