Saugus Plaza Redevelopment
Client’s Challenge
 

Saugus Plaza, a 209,655 square foot retail center located at the intersection of Routes 1 and 129 in Saugus, MA, one of the state’s dominant retail corridors, was in need of major revitalization after the bankruptcy and closing of two major tenants, Ames Department Stores and Decathlon Sports. 

 

KeyPoint Partners’ Response

 

KeyPoint Partners successfully bought the lease at bankruptcy auction and negotiated with expanding retailer Kohl’s Department Stores to lease the former Ames space. Kohl’s held a hugely successful spring Grand Opening, for which close to a thousand shoppers began lining up before 7:00 am.

 

After the Kohl’s opening, Modell’s Sporting Goods, Famous Footwear, Bed Bath & Beyond, and other merchants signed long-term leases at Saugus Plaza, completing the re-tenanting of the center. Renovations to the facade and pylons were completed; these were managed by KeyPoint Partners’s Construction division, as were the tenant build-outs. KeyPoint Partners also worked with the owner to strengthen relationships with existing key tenants Wild Oats Market, Brooks Pharmacy, Dots, and CardSmart. In addition to exclusive leasing services, KeyPoint Partners provided asset, property, and construction management to Saugus Plaza and several other properties for the owner.

What's your retail/office challenge? Email KeyPoint Partners - we'll write your success story.

KeyPoint_logo_0919.jpg
NY New image icon.jpg

KeyPoint Partners, LLC

Burlington Woods Office Park

1 Burlington Woods Drive

Burlington, MA 01803

Tel: 781.273.5555

Fax: 781.272.8408

Info@KeyPointPartners.com

Copyright 2019 KeyPointPartners, LLC