Editor’s note: Hopefully somebody can turn Fairgrounds Square around. It needs some TLC.
The Bank of New York Mellon Trust Co. today bought the
Fairgrounds Square Mall for $13.6 million, pending judicial approval.
The mall is expected to remain open and continue to operate.
An attorney for the trustee was the only bidder at the sale, performed by the U.S. Marshal Service in Philadelphia, said Patrick Ennis, supervisory criminal investigator civil unit for the marshals.
The mall was scheduled for marshal sale after GP-Fairgrounds Square LP, the mall owner, failed to meet its financial obligations.