"Westgate Mall is headed for auction" by Jenn Abelson, Globe Staff | October 27, 2009
The struggling Westgate Mall in Brockton is up for a foreclosure auction next month. The 532,135-square-foot enclosed mall is slated to hit the auction block on Nov. 18, according to an online listing by auctioneers Paul E. Saperstein Co.
Need I even say it?
Jeffrey Mann, a senior vice president at Saperstein, said the former mall owners defaulted on their loan and he began the process for setting the auction about a week ago. The mall is located on nearly 50 acres of land and anchored by Macy’s and Sears department stores....
Related: What Type of Recession Is It?
Here comes the next wave, 'murka!
Earlier this year, Westgate Mall general manager Luciano Villani said the vacancy rate had reached over 10 percent and the mall was postponing indefinitely plans to add a movie theater to replace a Filene’s department store that closed several years ago. Villani did not return calls seeking comment.
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