TRUMBULL MALL

TRUMBULL, CT

Newmark has been exclusively retained to market to qualified investors the opportunity to acquire Trumbull Mall (the “Property” or “Mall”), a dominant super-regional enclosed shopping center located in Trumbull, Connecticut. Encompassing approximately 1,145,657 square feet of gross leasable area (1,027,657 SF owned) on 75.99 acres, the Property is situated in Fairfield County, one of the Northeast’s most affluent and supply-constrained retail markets. Strategically positioned approximately 60 miles northeast of New York City, Trumbull Mall serves as the primary retail destination for the Greater Bridgeport–Trumbull trade area, drawing from a dense, high-income suburban population supported by strong discretionary spending, top-ranked school systems, and a diverse employment base. The Property benefits from exceptional regional access and visibility at the convergence of Main Street/Route 111 ( 32,000 VPD) and the Merritt Parkway/Route 15 (46,000 VPD), two of the region’s most heavily trafficked commuter corridors. This offering represents a rare opportunity to acquire an institutional-scale regional mall in a high-barrier-to-entry market, with multiple executable value-add and repositioning strategies that support long-term growth, reinvestment, and investment durability.

Trumbull Mall is a super-regional enclosed shopping center strategically located in Trumbull, Connecticut, within the core of Fairfield County. The Property offers excellent accessibility and visibility along a premier retail corridor at the intersection of Main Street (Route 111) and the Merritt Parkway (Route 15). The Mall is anchored by Macy’s, JCPenney, and Target, and features a vacant former Lord & Taylor anchor (unowned) that presents future repositioning potential. The in-line tenant mix includes a strong roster of national and regional retailers, service providers, and dining concepts such as Apple, The Cheesecake Factory, Foot Locker, and Victoria’s Secret. A freestanding L.A. Fitness outparcel further enhances daily traffic and consumer draw.

• DOMINANT REGIONAL RETAIL DESTINATION – Trumbull Mall serves as the primary enclosed shopping center for the Greater Bridgeport–Trumbull trade area and is one of the largest enclosed malls in Connecticut, drawing shoppers from across Fairfield and New Haven Counties due to its scale, tenant mix, and accessibility.
• AFFLUENT, HIGH-BARRIER FAIRFIELD COUNTY MARKET – Located in one of the most affluent and supply-constrained retail markets in the Northeast, Trumbull Mall benefits from high household incomes, strong discretionary spending, excellent school systems, and limited competing enclosed retail. The Property is positioned within a highly desirable trade area, with nearly 456,000 residents and an average household income of $162,436 within a 10-mile radius.
• ENHANCED ZONING ENABLES EXECUTABLE MIXED-USE REDEVELOPMENT – Recent Trumbull Planning & Zoning actions affirm the town’s support, enabling by-right development of up to ~200 age-restricted (55+) residential units, including 10% affordable housing, with relaxed parking standards and streamlined permitted uses. Zoning amendments further allow subdivision into ~2-acre parcels, facilitating phased redevelopment, capital partnering, and partial-site execution. Together with the Town’s stated intent to actively market the mall-area vision, these actions allow for a high degree of confidence to underwrite and execute change-of-use redevelopment, transforming optionality into near-term, realizable value.
• STRONG SALES PERFORMANCE FROM DIVERSIFIED TENANT MIX – In-line sales remain robust driven by strong annual volumes from key national tenants including Apple, Bath & Body Works,  Finish Line, Hollister, Pandora, The Cheesecake Factory and Victoria’s Secret. The total estimated sales productivity underscores the Mall’s strength and continued relevance in the market.     
• ADJACENT MULTIFAMILY DRIVES BUILT-IN DEMAND – Direct adjacency to the newly delivered, 260-unit luxury apartment community, The Residences on Main, provides a steady, walkable customer base and reinforces the Mall’s evolution into a mixed-use destination. Opened in 2023–2024, the multifamily development is nearly fully leased, supporting rent and buy-side confidence in housing absorption and sustained demand for daily-needs retail.
• RESILIENT NORTHEAST RETAIL MARKET WITH LIMITED NEW SUPPLY - Fairfield County’s high land costs, zoning restrictions, and barriers to entry protect existing dominant assets like Trumbull Mall from oversupply. This dynamic supports long-term occupancy stability and positions the Property to benefit disproportionately from retailer consolidation and flight-to-quality trends.
• DURABLE DEMAND DRIVERS – The surrounding area is supported by a diverse employment base including healthcare, higher education, financial services, and corporate employers, driving consistent traffic and long-term tenant demand. Trumbull Mall benefits from its proximity (approximately 2 miles) to Sacred Heart University, one of the largest private universities in New England, providing access to a built-in base of students, faculty, staff, and visiting families.
• PRIME RETAIL NEXUS WITH EXCEPTIONAL ACCESS – Strategically positioned at the convergence of Main Street/Route 111 ( 32,000 VPD) and the Merritt Parkway/Route 15 (46,000 VPD), two of the region’s most heavily trafficked commuter corridors, providing superior visibility, regional access, and consistent daily traffic. 

NATIONAL MALL TEAM CONTACTS