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KAP MALL UNDER NEW OWNERSHIP

The Model City Mall has a new owner. Winchester Real Estate Investment Trust made the purchase early last week after several months of negotiations. Vice President of Commercial Property for the new owners James Gray says they usually buy properties that are need of some fixing up and try and fill the space. Gray says this could involve moving most of the businesses to the front of the mall.  Gray says they plan on starting some of the work by early next year.  They hope to be able to offer a better shopping experience with a wider variety of stores.

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