Commercial Real Estate Direct Staff Report The Philadelphia Mills Mall has been re-appraised at a value of only $76 million – one-third of the $258.42 million of mortgage debt against it. The property, formerly the Franklin Mills Mall, is owned by Simon Property Group, but the Indianapolis REIT more than two years ago had placed […]

The post Former Franklin Mills Mall in Philadelphia Gets Hammered Again in Latest Appraisal appeared first on Commercial Real Estate Direct.