Tuesday, May 10, 2016

Mall for Sale

With so many mall stores closing — the latest such list issued by Aeropostale in bankruptcy — there must be malls that are falling on hard times. One current example is the 37-store Greendale Mall in Worcester, Massachusetts. The mall will be sold at a foreclosure auction this month — assuming, of course, a buyer can be found. The mall is estimated to be worth one fifth of its selling price two decades ago.