Aroostook Centre Mall Listed For Auction At Best Offer Price

The Aroostook Centre Mall in Presque Isle, which like the Bangor Mall has suffered from tenants such as Sears closing shop, is listed by online auctioneer Ten-X as up for sale to the highest bidder. Ten-X also is auctioning the Bangor Mall with bids starting at $6.5 million. Both malls are being run by The Woodmont Co., a Fort Worth,Texas-based property management company. Frederick Meno, president and CEO of asset services for The Woodmont Co., said last November that the JC Penney store leases in both malls had been renewed for multiple years. In a Saturday email to the Bangor Daily News, Meno said the leases are confidential.