Crystal Mall_Actifs en vente
Crystal Mall_Actifs en vente
850 Hartford Tpke, Waterford, CT, 06385-4238, US

Crystal Mall

Description de l'actif

JLL has been retained as exclusive advisor for the sale of Crystal Mall (the “Mall” or “Property”), a two-level regional mall located at 850 Hartford Turnpike in Waterford, Connecticut. The Property is situated on ~82.4 acres (~64.5 acres owned), and is comprised of 807,396 square feet (“SF”) of gross leasable area (“GLA”) (535,494 owned) and features an anchor lineup

including JCPenney (91,588 SF, owned), Christmas Tree Shops (subletting a portion of the former Bed Bath & Beyond space, 80,892 SF, owned), a former Macy’s (121,270 SF, non-owned, dark) and a Seritage-owned box (150,632 SF, non-owned, dark), which account for approximately 55% of total GLA.


Caractéristiques de l'actif

Surface de l'actif brut
13 865 m²
90,00 %
Année de construction
Taille du terrain Brut
28,33 hectare (283 280 m²)
Revenu net
842 000 €


Points clés d'investissement


Strategically positioned along I-95 (64,000 VPD) at the

Hartford Turnpike (30,200 VPD), Crystal Mall is easily

accessible from all of western Connecticut, just one exit from

the I-95/I-395 split.


Crystal Mall offers a prospective purchaser the potential to

meaningfully reposition a major asset along the heavily traveled I-95 corridor.


Crystal Mall is located just a short distance from Connecticut’s

Mystic Country area, which includes top tourist attractions

such as Foxwoods and Mohegan Sun Casinos, Mystic

Aquarium, and the historic Mystic Seaport. The Property is

proximate to the area’s major employers, including General

Dynamics Electric Boat, the U.S. Naval Submarine base in

Groton as well the U.S. Coast Guard Academy with more

than 1,000 cadets, all of whom live on campus. Area colleges

and universities also include Connecticut College, a 750-acre

campus with over 1,900 students and Mitchell College, a 68-

acre campus with over 1,000 students.


Crystal Mall enjoys a strong competitive position as the closest competing regional mall is approximately 50 miles driving distance to the west in Meriden, Connecticut. As a result, the Property serves all of New London and Middlesex Counties in

Connecticut along with Washington County in Rhode Island.


Crystal Mall features two nationally-prominent fast casual restaurants, Longhorn Steakhouse and Olive Garden, which generate a combined base rent of more than $323,000 – providing meaningful value enhancement and basis reduction via potential sale.


The Property offers further additional upside with the potential to lease 39 available small shop suites, comprising approximately 235,728 SF.


Crystal Mall benefits from a well-heeled trade area featuring a population of approximately 233,276 people and an average household income of $113,146 within a 15-mile radius of the Property.

Contacter l'équipe

Crystal Mall (0 actifs)

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Dernière mise à jour
12 mai 2023