MERIDEN — The corporate owners of Westfield Meriden mall have sold the property after more than 25 years of control.
The mall will be renamed Meriden Mall, according to a statement issued Friday afternoon. The buyer, New York based Namdar Realty Group is “a privately held, commercial real estate investment firm, owning and managing over 52 million square feet of commercial real estate throughout the United States,” according to Namdar’s corporate website.
The sale price was not immediately disclosed.
Unibail-Rodamco-Westfield and Namdar Reality Group announced the sale in a joint statement. The shopping center “will continue to operate as usual during the transition to new ownership, and will be renamed Meriden Mall,” according to the statement.
"The Meriden Mall presents an exciting opportunity for our team,” said Jonathan Abda, director of Acquisitions & Dispositions at Namdar Realty Group. "We look forward to serving the local community and working together to continue elevating the property."
"Our goal is always to add value and determine the highest and best use of each of our properties," said Elliot Nassim of Mason Asset Management, who is part of the ownership of the property and will manage leasing going forward. "We saw great long-term potential in Meriden Mall, making it a natural fit for our portfolio. We are excited to work alongside the community to identify the best possible tenant selection for each of the current vacancies."
Westfield had owned the mall since 1994.