General Dynamics Electric Boat has acquired the former Sears store at Waterford’s Crystal Mall, the final portion of the mall that it did not already own. The purchase price for the property was not immediately available, either from Electric Boat officials or municipal real estate records. Over a period from June to the end of October, the submarine maker spent $31.42 million dollars to by two other parts of the mall from it’s owner, Great Neck N.Y.-based Namdar Realty Group. Mark Rayha, Electric Boat’s president said owning the entire mall property “will facilitate Electric Boat’s ability to accelerate submarine production.” The mall is located on Hartford Turnpike and is adjacent to Interstate 95.
Electric Boat buys old Sears store, final piece of Crystal Mall site
