Jamestown Mall in Bankruptcy


The owner of Jamestown Mall who is based in New York has filed for Chapter 11 bankruptcy in federal court in St. Louis. Jamestown Mall Realty Management LLC listed its assets and liabilities at between $1 million and $10 million. Its unsecured creditors include $127,000 owed to Ameren, $121,000 owed to the IRS and $29,000 owed to the Missouri Department of Revenue.

Jamestown Mall Realty Management is looking for a potential investor who is willing to buy the property. The 1.25 million square foot premise was bought in 2009 for $3.3 million. Other companies, like Macy’s own other parts of the building like the anchor tenant space.

MSC Real Estate, one of Jamestown Mall’s creditors, say that the shopping center defaulted on a loan of more than $2 million in mid-June and was placed under receivership, forcing MSC to take legal action to foreclose the property. Then Jamestown filed for bankruptcy.

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Tampa Bay Bankruptcy Center, P.A. on:

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