Walpole Mall Set To Hit Foreclosure Auction

WALPOLE, MA — There's a lot of reasons as to why malls are dying; from the popularity of Amazon to the closing of retail stores due to Coronavirus, shopping malls have taken a massive hit in the last few years.

The Walpole Mall is the next one to face the auctioning block, with the foreclosure auction set to take place Thursday, July 1, as first reported by the Boston Business Journal.

The auction will hopefully put the 400,000+ square foot space located right off of Route 1 into new ownership.

Built in 1974, the mall that sits on 35 acres of land has been made popular thanks to the large L.A. Fitness and Kohl's, but also with the help of their floating restaurants like Texas Road House, Five Guys, Chili's and Panera Bread.

The Boston Business Journal says the mall is owned by a limited liability corporation registered to the Los Angeles offices of RPD Catalyst, a firm that has been successful in acquiring more than 7.6 million square feet of retail, office and residential space nationwide.

The property of the mall was last assessed at almost $53 million and sold on the open market.