University Mall (South Burlington, Vermont)

The University Mall or, informally, the U-mall, is an enclosed shopping mall located in South Burlington, Vermont. It is the largest mall in the state of Vermont. The mall is anchored by J.C. Penney, Bon-Ton, Sears, and Kohl's, and contains nearly 75 stores, two sit-down restaurants, and a food court, with a total area of about . Finard Properties, LLC of Burlington, Massachusetts is the mall's management company.

History

In September 2010, it had 100% occupancy. 90% is more typical.

Original anchor stores at the mall included Zayre, which became Ames in 1989; it then closed in 2002 and became Kohl's. Another previous anchor was Steinbach which is now the Bon-Ton.

Operations

The rental per square foot is proprietary information. Average pro-rata tax payment for a non-anchor store is about $2 per .

Tenants

The University Mall has an array of stores and areas to eat. Various national retailers have their only Burlington-area store within the mall, including the four current anchor stores. In 2009, Vermont's first IHOP opened here, , becoming the mall's second sit-down restaurant. There is a food court.

References

External links

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