Burlington Town Center Sold Monday

Burlington Town Center Sold Monday

The Burlington Town Center has been sold in a joint venture between Mountain Development Corporation (MDC) and Devonwood Investors, LLC.
BURLINGTON, Vt. - The Burlington Town Center has been sold in a joint venture between Mountain Development Corporation (MDC) and Devonwood Investors, LLC.

A press release says both companies were encouraged to make the investment in the Burlington market because of market potential, the current tenancy of the Center, the synergy of the Burlington Business Association, and the highly successful Church Street Marketplace.

“We look forward to a seamless transition of ownership and management,” said General Manager Mathew Chabot. “Our goal will continue to be to work within the community, enhance the property through leasing and infrastructure improvements and continue to work collaboratively with our downtown Burlington business partners.”

A memo was released in early December outlining the potential plan for the mall.
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