1. Owners of Eastfield Mall in Springfield hire brokers to pursue redevelopment

    Owners of Eastfield Mall in Springfield hire brokers to pursue redevelopment

    Cushman and Wakefield said in a news release that the 87-acre Eastfield Mall site is ideal for redevelopment into a mixed-use with retail, housing and offices in a "main street" setting. The result would most likely look like trendy "lifestyle" centers where buildings are arranged on streets in an open-air plaza instead of an enclosed mall. That process, which can leave existing structures like the movie theater standing, is called de-malling.

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    1. We expect this offering will attract an impressive level of interest from a diverse group of investors.
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