Waldman Brings Walpole Mall to 100% Occupancy:

In the world of commercial real estate, Dan Waldman may be among the most modest of his industry peers.

So it’s not surprising that he didn’t seek fanfare when he brought the 400,000 square-foot Walpole Mall in Walpole, Mass., to 100% occupancy for the first time in 30 years. If you ask, he’ll tell you he added about $10 million to the mall’s value. And he only got the exclusive broker listing in 2015.

When Waldman & Associates (http://www.waldmancre.com/) assumed leasing for Walpole Mall, there was a seemingly insurmountable vacancy totaling 80,000 square feet,” says Dan Waldman. But the regional power mall on busy Rte. 1 / Providence, owned by RP Realty Partners of Los Angeles, is now home to many national credit tenants including Kohl' s, LA Fitness, Office Max, Barnes & Noble, Old Navy, PetSmart, and many others. “We used the impressive demographics and high traffic volume as lures,” says Waldman who earned his MBA at the University of Pittsburgh. Owner RP Realty invests in, owns and operates shopping centers throughout the U. S.

Waldman used his creativity, tenac ity, and market knowledge to fill the mall. When Broderick Gymnastics said they needed 11,000 square feet, their high ceiling requirement didn’t deter him: “I brought in an architect who showed how we could economically obtain added height by digging down, adding several five-foot gulleys. The deal was done.”

For a local liquor store owner who for years had wanted space at Walpole Mall, Waldman helped him secure a scarce liquor licenses. Today, the 17,500 square-foot Wines & More is a first-class beverage destination offering hundreds of brands plus space for a Taste Station and events.

Today’s tenant mix includes 14 in-line ‘power mall’ big box tenants, 14 interior tenants such as GNC and Keystone Jewelry, and 13 pad tenants including Panera, Five Guys, Aspen Dental, and Great Clips. “This variety helps to maintain a day-long parade of customers,” says Waldman.

“Turnover is the nature of the large mall ‘beast,’” smiles Waldman, “so it’s not surprising that a retail unit of 1,340 square feet became available shortly after we attained the 100% milestone. The owners now hope to add a 4,900 square-foot pad site.

During 2016, Dan Waldman, licensed in Mass. and Rhode Island, completed over $105 million in sales and 17 leases, earning him CoStar’s ‘Power Broker of the Year’ award in an unprecedented three categories.

Long involved in community activities, on April 23 Waldman will raise money at an Ovarian Cancer Research Spin Event. For more info, visit http://support.ocrfa.org/site/TR/Cycle/General?px=1003789&pg=personal&fr_id=1160

For more information about commercial real estate represented by Dan Waldman of Waldman & Associates (http://www.waldmancre.com/), email djw930@gmail.com or phone 781.492.1586.

By Stanley Hurwitz / stanhurwitz@gmail.com