BEDFORD, NH-The evolution of a 1970s era mall here is shiftingto another stage, as its New York City-based ownership has opted toput the 270,000-sf complex up for sale. The Bedford Mall is beingoffered in the $30-million range, says Geoffrey Millerd of Cushman& Wakefield, whose firm has been hired by Emmes & Co. tomarket the asset.

“It's very good real estate,” Millerd tells GlobeSt.com, citinga location in the heart of southern New Hampshire, with access totwo main thoroughfares, Routes 101 and 293. The value of thein-fill property at 73 South River Rd. is evidenced by both themall's prime tenants, Millerd says, as well as the bevy ofnationally known retailers that have flocked to nearby parcels. TheBedford Mall roster includes Bob's Stores, Linen's 'n Things,Marshalls, Outback Steakhouse and Staples, whereas a Super Stop N'Shop just opened across the street. Lowe's Home Improvement andTarget are other neighbors.

“Bedford is a really attractive community,” says Millerd. “It'sa place [retailers] want to be.” The retail investment salesspecialist is handling the assignment for Emmes & Co. on a teamincluding C&W principal Edward Maher Jr. and Michaeld'Hemecourt. Southern New Hampshire has one of New England'sfastest growing populations, notes Millerd, as its proximity toBoston 50 miles south has allowed it to become a bedroom communityin recent years. Nearby Manchester and Nashua, meanwhile, arerecovering strongly from a difficult start to the decade, with theeconomic rebound leading to further confidence in the area.