The University Mall or, informally, the U-mall, is an enclosed shopping mall located in the City of South Burlington, Vermont. The name refers to its proximity to the University of Vermont. At 610,000 square feet (57,000 m2),[1] it is by far the largest shopping mall in Vermont.[2][3] It is anchored by JCPenney, The Bon-Ton, Sears and Kohl's, and encompases approximately 75 shops, including two sit-down restaurants, and a food court. Finard Properties, LLC of Burlington, Massachusetts is the mall's management company.
Contents |
In September 2010, it had 100% occupancy. 90% is more typical.[1]
Original anchor stores at the mall included Zayre, which became Ames in 1989; it then closed in 2002 and became Kohl's.[4] Another previous anchor was Steinbach which is now The Bon-Ton.
The rental per square foot is proprietary information. Average pro-rata tax payment for a non-anchor store is about $2 per 1 square foot (0.093 m2).[1]
The University Mall has an array of stores and areas to eat.[5] Various national retailers have their only Burlington-area store within the mall, including the four current anchor stores. In 2009, Vermont's first IHOP opened here, [6], becoming the mall's second sit-down restaurant. There is a food court.