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Troubled Nobscot Shopping Plaza gets new leasing company

Posted by Daniel Adams  September 26, 2011 12:10 PM

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A representative of the company that owns the Nobscot Shopping Plaza sent an e-mail to town officials Sept. 16 to say that Centercorp Retail Properties plans to hire a new leasing company to take over the retail site. The plaza has seen little improvements and climbing vacancy rates in recent years, to the distress of neighborhood residents and town officials. ‘‘Our understanding is this company expects to make improvements to the property and market the space to new tenants with the goal of redeveloping the property,’’ said Centercorp official Terri Desjardins. Selectman Dennis Giombetti, who has called on town officials to get tough on Centercorp as well as the owners of the Mt. Wayte Plaza, another declining shopping center, said he was ‘‘cautiously optimistic’’ about Desjardins’ statement. ‘‘I look forward to their formal announcement on Oct. 1,’’ he said. ‘‘I especially look forward to any assistance I and the town can provide to Centercorp and their new leasing company to achieve their stated goal of making improvements to the property, to market the space to new tenants with the goal of redeveloping the property.’’ Giombetti said neither of the plazas’ owners will meet publicly with selectmen.
Megan McKee

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