Aiken Mall sold to lending bank

Ownership of Aiken Mall went back to the lending bank Tuesday.

The U.S. Bank National Association purchased the 400,000-square-foot mall on Whiskey Road for $9.8 million at the Aiken County courthouse, according to the Aiken County Master-in-Equity office.

The 35-acre property has been facing foreclosure since April after U.S. Bank filed a notice claiming that then-owner Aiken Mall Acquisition LLC was in default of about $28.5 million, including interest. The mall was set for auction in early June but was pulled without explanation from the bidding process by the bank days before the scheduled date.

Messages left Tuesday for attorneys representing both sides of the sale and the mall’s assistant property manager were not immediately returned.

The mall has been open for nearly 25 years and has several vacancies.



Fri, 01/19/2018 - 18:50

Rants and raves