The default comes just months ahead of a slate of scheduled lease expirations for nearly half of the rentable space at the 1.4 million-square-foot shopping mall.
PORTLAND, Ore. — This story comes from the Portland Business Journal, a KGW news partner. The full story is here.
The owners of Clackamas Town Center have defaulted on $191 million in mortgage debt.
The default comes just months ahead of a slate of scheduled lease expirations affecting nearly half of the rentable space at the 1.4 million-square-foot shopping mall, according to loan servicer reports.
The loan balance, which is split in two tranches, was originated
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