Regency Square Mall Owners Look to Sell, Avoid Foreclosure

Taubman, the owners of Regency Square Mall, are looking to sell the mall in order to avoid foreclosure, reports Richmond Biz Sense:

With a $71.6 million loan coming due next month, the owner of Regency Square Mall is looking to sell the property and walk away from the more-than-40-year-old mall.

Michigan-based retail operator Taubman is shopping the mall to potential buyers in “hopes of pulling off a short sale” according to a report on Trepp.com, a service that tracks data on large commercial real estate loans.