After years of struggling to get business, the Enfield Square Mall is going to auction.
The future of the mall has been in question for years and now, moves are being made.
A real estate posting created in October shows the Enfield Square Mall will be sold at auction Dec.10th.
“I worked here for probably four or five years at the Ruby Tuesday that was here,” said David Moreau of Enfield. “It flourished probably 10 years ago or so, and to leave and now, 10 years later, see that that’s closed down, and everything else in the entire mall, for the most part, is closed it’s definitely a little sad.
The posting listed on Loop.net shows the 677,000 square-foot mall, built in 1971, is appraised at $27.5 million. The starting bid is $3.8 million, for more than 548,000 square feet of rentable space.
“There was a Macy’s here that’s closed down,” Moreau added. “There just closing everything here and the only option is Target but I could probably just go online and get what I need there.”
The Target location at Enfield Square is owned by the mall, not the store and it still has eight more years left on its lease.
Now, bidders might be able to control the future of the Enfield mall.