Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1983
Building Area Net
Occupancy 72.14 %

Property description

Jones Lang LaSalle (“JLL”) has been retained as the exclusive advisor for the sale of The Mall at Fox Run (the “Property”), a single level regional mall located at 50 Fox Run Road in Newington, NH 03801. The Mall is situated on 67.27 acres and is comprised of 602,104 square feet (“SF”) of gross leasable area (“GLA”) and features an anchor lineup which includes Macy’s (77,336 SF), Macy’s (59,919 SF), JCPenney (82,531 SF) and a Seritage-owned anchor box (130,484 SF, dark), which account for 350,270 square feet and approximately 58.2% of the total GLA.


BROOKS MURPHY

NH Broker of Record #047200

Managing Director

w: +1 617 316 6480

c: +1 207 450 6560

brooks.murphy@am.jll.com

Investment highlights

EXCEPTIONAL LOCATION / ACCESS

The Property benefits from an exceptional location along the Woodbury Avenue/Spaulding Turnpike commercial corridor, which see average daily traffic counts of 14,000 and 54,700 vehicles, respectively.


REPOSITIONING/REDEVELOPMENT POTENTIAL

The Mall at Fox Run offers prospective purchasers the potential to meaningfully reposition and/or reimagine the most significant asset along densely developed Woodbury Avenue/Spaulding Turnpike commercial corridor, in the Portsmouth, NH MSA.


AFFLUENT TRADE AREA AND MAJOR ECONOMIC DRIVERS

The Mall at Fox Run enjoys a high-profile location within New Hampshire’s affluent Seacoast Region, which is well-known for its proximity to Boston (50 miles to the south via I-95), and Portland, Maine (50 miles to the north on I-95). The Property also benefits from close proximity to many of the area’s diverse economic drivers.


ADDITIONAL UPSIDE POTENTIAL

The Mall at Fox Run presents further additional upside with the potential to lease 15 available small shop suites, comprising approximately 37,262 SF, and convert 37 suites, comprising 119,827 SF, to permanent tenants.


FAVORABLE ZONING

The Property is currently zoned Commercial District C - a mixed-use zone that provides for a variety of land uses including retail sales, office buildings, research & development facilities and light manufacturing.

Last Updated Date: 08 Jun 2022

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Last Updated Date: 08 Jun 2022

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