Promenade Mall in Lewiston, ME sold for $4 million

[retailisking]

Infamous dead mall that was once anchored by Bradlees and Service Merchandise has a new, ambitious owner.
http://www.sunjournal.com/news/business/2016/09/29/promenade-mall-sold-lewiston-broker-teases-turnaround-plan/2003015

[danfifepsu]

I went by there last month and it was mostly vacant. how come both Lewiston plazas are mostly vacant?

[retailisking]

I went by there last month and it was mostly vacant. how come both Lewiston plazas are mostly vacant?

Auburn started dominating chain retail in the 1980s, and it has snowballed since then. At this point Auburn pretty much owns chain retail in the L-A area. Everyone wants to be there, and those few retailers who attempt to gain a foothold in Lewiston have largely failed. Downtown Lewiston is showing signs of recovery, but only for local entrepreneurs, not chain retail.