Mall at Fox Run Former Sears Store Sold
The former Sears store at the Mall at Fox Run has been sold for $11.5 million four years after the store closed its doors.
UEP Second LLC and MVC Fox Run LLC, a brand new company, is the buyer of the 127,058 square foot store from Seritage SRC Finance, according to Boston Real Estate Times. The Sears store has been empty since 2019.
The company has no plans for their new property attached to the mall, which continues to operate 61 stores, according to its website.
The company has been expanding their presence in New Hampshire with recent buys of retail and industrial properties, according to the Times.
The mall in Newington, open since 1983, has withstood the elimination of a major customer base when the former Pease Air Force Base was closed, consumer shopping habits shifted, and the pandemic kept shoppers home.
Contact reporter Dan Alexander at Dan.Alexander@townsquaremedia.com or via Twitter @DanAlexanderNH