NEWTON, MA-An affiliate of Needham-based Bulfinch Cos. has purchased the troubled Atrium Mall, a 300,000-square-foot building in Newton. As stated in the Middlesex County Registry of Deeds, Bulfinch did not disclose the purchase price, but it paid $46 million to the nation's largest REIT, Simon Property Group.
The new owner is planning to renovate the mall into a medical and office center and rename it as Atrium Center at Chestnut Hill. Construction is scheduled to start this year and will be completed in 2013. For the full story, go to Boston Business Journal .
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