Waterford's Crystal Mall Sold At Auction For $9 Million: Report

WATERFORD, CT — The Crystal Mall was sold in an online auction Wednesday for $9 million, The New London Day reported. Bidding for the Route 85 shopping center started at $2 million.

The former Sears store, a 155,906-square-foot space, sold for $4 million.

The new owners of the properties have not been made public.

Read the full story in The New London Day.

Located at 850 Hartford Turnpike, in Waterford, the mall was built in 1984 with additional construction in 1987.

Now with an occupancy rate of less than 65 percent, the shopping mall was a busy mecca for a number of generations. The two-story, 535,494 square foot mall sits on 82 acres.

According to the auction listing, the mall features an "anchor lineup including JCPenney (91,588 SF, owned), Christmas Tree Shops (subletting a portion of the former Bed Bath & Beyond space, 80,892 SF, owned), a former Macy’s (121,270 SF, non-owned, dark) and a Seritage-owned box (150,632 SF, non-owned, dark)..."

The listing now states the property is under contract.

On the mall's website, it states that the Crystal Mall is the "only regional mall within a 50 mile radius."

>>>Read more about the Crystal Mall here.

See related: Iconic Crystal Mall On The Auction Block, Bids Start At $2M