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Eastland Mall Going To Auction

wikipedia.org

The owner of Eastland Mall is putting the facility up for auction in early June. The minimum bid required by Glimcher Realty Trust is nine 9 million dollars. It was purchased in 2003 for nearly 30 million dollars. The company says the mortgage is more than the value of the mall, which has an occupancy rate of 76 percent.

Jim has been with WCBE since 1996. Before that he worked as a reporter at another Columbus radio station, and for three newspapers in Southwest Florida.