Charter Realty & Development has been retained by RP Realty Partners LLC of Beverly Hills, Calif. to lease the Walpole Mall, a 391,000 s/f regional mall anchored by Kohl's, Old Navy and Barnes & Noble. The mall recently underwent a $30 million expansion and redevelopment and added a 45,000 s/f LA Fitness, Famous Footwear, Panera, Five Guys Burger and Fries, and Chili's. Charter will reposition and re-tenant the interior mall to capitalize on the market's solid demographics and on the existing retail's strong sales performance.
Walpole Mall is the latest addition to CRDC's Enclosed Mall Division which was formed in May to bring the same vision and expertise to enclosed malls as Charter Realty has brought to the open center area for the past 16 years. Thec new division is led by industry expert Peter Elliott who brings extensive experience in the enclosed mall field.