The MoCo Show Reported the Sale of Lakeforest Mall in Gaithersburg, MD
According to a report by The MoCo Show, Lakeforest Mall has been purchased by WRS Inc., a real estate investment firm based out of South Carolina.
The purchase includes the "core" of the mall, but the pad sites and their parking lots (Sears, JC Penney, Lord & Taylor, and Macy’s) are not included in this purchase as they are each owned by the individual companies.
U.S. Bank previously purchased the same part of the mall for $19.1 million in a foreclosure auction in January of 2018.
The purchase includes the "core" of the mall, but the pad sites and their parking lots (Sears, JC Penney, Lord & Taylor, and Macy’s) are not included in this purchase as they are each owned by the individual companies.
U.S. Bank previously purchased the same part of the mall for $19.1 million in a foreclosure auction in January of 2018.
Many hope that this sale will lead to the redevelopment of the troubled Lakeforest Mall.
Kentlands Photowalk, Gaithersburg, Maryland, USA IMG 4418
Canon PowerShot G11 Camera
Photograph by Roy Kelley
Roy and Dolores Kelley Photographs
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