St John’s, NFLD – Enclosed Mall – Avalon Mall

Marcel Elliott, Senior Leasing Manager with Crombie REIT is marketing for lease, two units in the 15-unit food court in Avalon Mall in St John’s in Newfoundland.  The units are 338 square feet and 431 square feet.  The food court is currently doing $2300 per square foot in sales and an increase is anticipated once the current food court renovation and expansion with an additional 150 seats is completed. The food court expansion is a smaller portion of the centre’s overall expansion and redevelopment.   A four tiered level parking garage opened in November 2018 providing 1000 new parking spaces.  The Rec Room by Cineplex will be opening its first Atlantic Canada location on April 18th and the mall is adding about 80,000 square feet of new CRU with a target grand reopening planned for late Summer 2020.  Opened in 1967, Avalon Mall is the largest mall in the province at about 550,000 square feet.  Over 77,000 people are within a five kilometre radius of the mall.  The median age is about 39-years and the average household income is in excess of $86,000 per year.

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Avalon Mall, 48 Kenmount Rd., St. John’s, Newfoundland A1B 1W3 (Marcel Elliott – 709/699-3222 marcel.elliott@crombie.ca)