The clothing, cosmetics and home goods retailer expects to have the space remodeled by mid-September.
By Jessica Hall email@example.com Staff Writer
SOUTH PORTLAND — The Maine Mall will be getting a new anchor tenant with the arrival of department store Bon-Ton Stores Inc., which will feature clothing, cosmetics and home goods.
Bon-Ton will fill the site vacated by Filene's in 2006. Part of the space is currently used by Summit Adventures, which is looking for a new location.
Bon-Ton will join other anchor tenants such as Macy's, Sears and JCPenney. It will begin remodeling the 120,800-square-foot facility at the Maine Mall in February for completion by mid-September.
"It will add great energy to the mall. The stores right outside Bon-Ton will benefit from extra traffic," said Maine Mall General Manager Craig Gorris. "They are a great merchant. The brands they offer -- Clark's, Clinique, Izod, Guess, Levi's -- fit really well with the mall."
The arrival of Bon-Ton will put the mall, which has more than 1 million square feet of retail space, at nearly full capacity, Gorris said.
The Maine Mall's occupancy rate exceeds the national average. In the U.S., the vacancy rate for regional shopping malls was 8.7 percent in the third quarter of this year, according to the real estate research firm Reis Inc. That compared with an 11-year high of 9.4 percent in the third quarter of 2011 and a low of 4.9 percent in the second quarter of 2001, Reis said.