I think so. The arcade was "Time Out".
I haven't been to Springfield Mall in an incredibly long time, but the last time I was I am almost positive "Time Out" was still there. I'm guessing by past tense, that's no longer the case. Any idea roughly what year it closed?
I'll be showing my nerdiness, but the store I truly miss there is Another Universe. I loved that store as a kid. I remember getting to Springfield Mall around 6am to wait in line for Fabien Nicieza and Scott Lobdell in January of 95, and John Romita Sr. A few months later. They also had one at Fair Lakes, but the Springfield Mall store just had more atmosphere even though it had a worse selection.