Posts Tagged: Montgomery Mall

After foreclosure, Montgomery Mall put up for sale

The Montgomery Mall, foreclosed upon and in receivership, has been put up for sale. The mall could sell for an estimated $50 million, according to various sources, which is a fraction of the $118 million judgment lodged against the property as a result of a loan default. The estimate is a reflection of an August 2020… Read more »

Montgomery Mall Foreclosed Upon, $118M Judgment Issued

A bank has foreclosed on Montgomery Mall and a $118.78 million judgment has been rendered against the property’s owner, an entity affiliated with Simon Property Group, according to court documents. Wilmington Trust, as trustee for Wells Fargo Commercial Mortgage, filed in early June in the Montgomery County Court of Common Pleas to start foreclosure proceedings… Read more »