WOODBRIDGE, NJ — A new owner is about to take over Woodbridge Center Mall.
A separate new buyer is also interested in the Lord & Taylor, which has sat empty for years now and, like Macy’s, is owned separately from the mall.
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This was all announced Friday by Woodbridge Mayor John McCormac in his annual State of the Township address. McCormac admitted Woodbridge Center has been “struggling,” and revealed the mall was listed for sale in the past year.
McCormac said the new mall owner “has every intention of keeping Woodbridge Center as a shopping, dining and entertainment destination,” which he said the Township was “thrilled” about.
“A winning bidder has been selected and contract negotiations are underway. But we are prohibited from disclosing any other facts about this transaction until everything is finalized,” said the mayor.
“Woodbridge Center, like major malls across America, has struggled because of the Internet and the ease of buying directly online. It has done an admirable job of diversifying outside of basic retail by attracting new tenants. But it has just not been enough,” said McCormac on Friday.
“The mall was recently listed for sale and there were many interested parties,” continued the mayor. “We made crystal clear, however, to the Center’s realtors that we would not accept any housing or warehouse components — no matter who purchased the property. A winning bidder has been selected and contract negotiations are underway.”
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