Several parts of the struggling Pittsburgh Mills mall complex along Route 28 in Frazer are scheduled to go up for sale next month.
The parcels include the property where the enclosed 1.1 million-square-foot mall is located, as well as several parcels of vacant commercial land surrounding it, according to legal documents in U.S. District Court for the Western District of Pennsylvania.
The sale is scheduled for Jan. 18.
Wells Fargo Bank foreclosed in 2015 on the Pittsburgh Mills mall, which had opened in 2005 in northern Allegheny County. Wells Fargo says it is owed $142.9 million, including deferred payments, interest charges and other costs, according to court documents.
Pittsburgh Mills Limited Partnership, the defendant in the proceedings, is owned by Johnstown-based Zamias Services Inc.
The mall has struggled with vacancies and customer traffic over the years. The complex is anchored by Macy’s, JC Penney and Dick’s Sporting Goods.
It originally was developed as a partnership between Zamias and Mills Corp., a Virginia-based firm that filed for Chapter 11 bankruptcy protection in 2007.
The court appointed Jones Lang LaSalle Americas Inc. as the receiver in the foreclosure process.
Stephanie Ritenbaugh: sritenbaugh@post-gazette.com or 412-263-4910.
First Published: December 16, 2016, 5:00 a.m.