In an era of radical online shopping, small business activism and extensive health precautions, another mall is on the brink. Earlier this month, Montgomery Mall, a Montgomery Township shopping center that encompasses more than 90 stores, was foreclosed upon.
A judge issued a $118.78 million judgment against the mall’s owner, Simon Property Group’s Mall at Montgomery LP, on July 12, according to court documents. Wilmington Trust, a trustee of Wells Fargo Commercial Mortgage, filed the initial complaint for foreclosure June 8.
The Montgomery County court’s final judgment on the case states that the mall owners agreed to the foreclosure and “subsequent foreclosure sale of the subject leasehold estate,” but when that sale may take place is not yet known.
Montgomery Township searching for investment consultant
Print
Montgomery Township, Montgomeryville, Pa., is searching for an investment consultant for the township s $23 million uniform pension funds.
The search is being conducted as part of the township s due diligence, said Carolyn McCreary, township manager. Graystone Consulting is the current investment consultant and is welcome to rebid.
The RFP is available on the state s procurement website. Registration is required. Proposals are due 11 a.m. EDT April 16. A selection is expected to be made in June.
Related Articles