Westfield Turns Over Florida Mall To Lenders
Jun 22, 2021
The parent of the Westfield Broward mall in Plantation, Florida, is turning over the property to lenders and its operations to a receiver. In an emailed statement, Unibail-Rodamco-Westfield said that the development is part of a “continued strategy to rebalance our portfolio and divest certain assets.” The company added that it is “committed to ensuring a smooth transition to new ownership” and would continue operating through the process. According to Trepp, a research and data firm focused on the commercial real estate market, no payments have been made on the Broward mall loan since April 2020. Read more at Retail Dive.
