TRUMBULL – The court-appointed receiver of the 62-year-old Trumbull Mall has hired Newmark Group as the company with exclusive rights to seek investors to purchase the financially troubled mall. Creditors foreclosed last year on the 5065 Main St. property when Namdar Realty Group defaulted on a $152.3 million loan.
The property for sale, which includes four buildings, comprises 1,027,657 square feet of gross leasable space on 75.99 acres. The total square footage of the mall is 1,145,657 square feet (Hudson Bay still owns the vacant former Lord & Taylor building). That building is separate from the foreclosure.
It was last appraised by the town at $115 million in 2025 and the owner listed on property records is Trumbull Shopping Center #2 LLC. In 2022, Namdar Realty Group and Mason Asset Management purchased the mall.
According to the receiver Trigild IVL LLC of Dallas and San Diego in its monthly report in February, the Trumbull Mall vacancy rate as of Jan. 31, 2026, was 21.7%. That accounted for 31 units and 127,267 square feet of space in the properties for sale. Additionally, the vacant Lord & Taylor building is 118,000 square feet. The report goes on to state that there were 80 permanent tenants that lease 240,290 square feet and 23 temporary tenants who lease 48,069 square feet.
The three remaining anchors (Target, Macy’s and JC Penney) make up 557,950 square feet of retail space, according to the report.
After a Bridgeport Superior Court appointed the receiver in June 2025, it hired Centennial Real Estate Management LLC to manage and lease at the Trumbull Mall. Centennial kept in touch with First Selectman Vicki Tesoro regarding the condition of the mall to address such issues as a broken HVAC system. However, by Jan. 5, 2026, the receiver hired Newmark to begin the process of selling the property.
In a marketing offering flyer, Newmark points out some of the highlights of the property for prospective investors:
- Dominant regional retail destination: Trumbull Mall serves as the primary enclosed shopping center for Greater Bridgeport and is one of the largest enclosed malls in the state.
- Affluent, high-barrier Fairfield County market: Trumbull Mall benefits from high household incomes ($162,436), strong discretionary spending, excellent school systems and limited competing enclosed retail.
- 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. Zoning amendments allow subdivision into 2-acre parcels, facilitating phased redevelopment, capital partnering and partial-site execution.
- Adjacent multi-family 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.
- Prime retail nexus with exceptional access: The mall is positioned at the convergence of Main Street/Route 111 (32,000 vehicles per day) and the Merritt Parkway/Route 15 (46,000 vehicles per day).
At a recent town Economic and Community Development Commission meeting, Director Rina Bakalar provided a recap of the ownership status, listing, and future sale of the Trumbull Mall. She informed the property is being marketed, and she and the first selectman would be meeting with the brokers handling the sale in the coming days to identify how the town can provide support.
On the Bridgeport Strong Facebook page, residents and mall customers provided some input on the future of the mall following the news of the pending sale.
“The only way a mall will survive is if they focus on services & entertainment with less focus on goods since people shop online,” Al Winzinger of Trumbull wrote. “Mixed use is always good.”
David Gonzalez, who works at Bud’s Truck & Diesel Service in Bridgeport, would like to see a bowling alley and a grocery store.
“They really need to focus more on novelty, food and entertainment and tone down the stores,” Gonzalez wrote. “Big stores can stay but these small type businesses barely last in malls nowadays. A comic book store might work since Newbury Comics in Danbury is always popping but then again that depends on the amount of people actually go.
“A bowling alley or Dave & Buster’s might help over there, the old Lord and Taylor spot in the mall is the perfect area for it. Put something local grocery like Big Y or Whole Foods in there so people at the apartments can just go grocery shopping in their ‘backyard’.”
