Latham mall under new management

The general manager of Lowe's said corporate offices would be handling the affairs in the event of foreclosure. Lowe's, along with J.C. Penney, is one of the mall's anchor stores.

"As far as what it means for our store, we don't know at the store," said Burlington Coat Factory's Coffey. "We're not privy to what the lease says about this company versus any other mall tenant. I suspect most leases are not identical."

Coffey said that while there has been "tons of speculation" as to what could happen if the mall does face foreclosure, Burlington Coat Factory has not yet received notice that this is the case.

"I think at this point, I would have been made aware of this," he said, referring to a possible foreclosure.

Paul Kramer, branch manager of Pioneer Bank, also located in the mall, said that the branch has not received notice at this time that the mall would be closing, but that he is unsure whether the corporate division has heard anything on the matter.

When asked what would happen to the branch if the mall were to close, Kramer replied, "Typically, we don't respond out of the local branches."

Leppert was unavailable for comment Monday morning.

Founded in 1953, KeyPoint manages properties in more than seven states including Massachusetts, New Hampshire, Maine, Rhode Island, Vermont, Connecticut and New York.

According to the company's Web site, www.keypointpartners.com, which was referred to by Becker, part of KeyPoint's mission is, "To pursue responsible, profitable growth in an environment which is enjoyable, supportive and collegial."


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