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Burlington Company to Manage Woburn Mall

Burlington company takes over Woburn Mall; seeks more tenants.

The Woburn Mall is under new management, after being sold in September.

KeyPoint Partners, a corporation located at 1 Burlington Woods Drive Burlington, has acquired the property management and leasing contract of the mall, said Chris Cardoni, the marketing manager for KeyPoint.

The Mishawum Road shopping center was sold to Multi-Employer Property Trust (MEPT) in September. According to the Woburn city's Assessors' Database, Koffler/GID Woburn LLC was the previous owner of the mall. 

The 271,260 square-foot main Woburn Mall building was constructed in 1984. A secondary building, housing Qdoba and Colonial Liquors, was built in 2001. Both buildings are valued at a total of $12.8 million, according to the Assessors' Database.

Currently at the mall are several retailers, including Market Basket, TJ Maxx, Sports Authority and Talbots. But KeyPoint Partners said it is looking for additional tenants to fill the empty storefronts.

“We’re seeking a quality anchor tenant to complement the Woburn Mall’s current national retailers and in-line and kiosk merchants in order to further enhance the Mall and add synergy to the marketplace,” said Vice President of Leasing Don Mace. “There’s flexibility to configure unit sizes to accommodate a variety of tenants.”

In addition to adding tenants, KeyPoint Partners is looking to improve aesthetics at the mall, said Cardoni.

"KeyPoint Partners will be evaluating opportunities on behalf of MEPT to improve both the interior and exterior of the Mall," said Cardoni in a statement. "KeyPoint Partners also intends to introduce a regular series of events for the Woburn community, with promotions for and by Mall tenants."

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