Bank forecloses on Pittsburgh Mills Mall

[TheFugitive]

Pittsburgh Mills, a relatively new shopping mall located about 20 miles NE of Pittsburgh,
has been foreclosed on by Wells-Fargo, which holds its mortgage.

http://www.post-gazette.com/business/pittsburgh-company-news/2015/11/12/Bank-forecloses-on-Pittsburgh-Mills-mall-frazer/stories/201511120160

From the article:

The mall, which opened in 2005, is owned by Zamias Services Inc. based in Johnstown. A representative of the company declined comment Thursday.

According to the filing, the bank is owed $142.9 million, including deferred payments, interest charges, late charges and other fees. The original $133 million loan, made in December 2006, matured on April 8 this year, the filing said.

The sprawling 1.1 million-square-foot complex has struggled with vacancies over the years. The mall was initially developed by Virginia-based Mills Corp., which filed for Chapter 11 bankruptcy protection in 2007.

Most recently the Sears store at the mall closed last year.  The whole place is only ten years old.
This may set some sort of record for going from Grand Opening to Dead Mall status.

[Hudsons81]

The Great Mall of the Great Plains in the outskirts of the Kansas side of the Kansas City region was also a Mills-styled outlet mall that after opening in 1997 gradually but quickly went into dead mall status. I believe it closed a while ago.