The bank is owed $254 million on the principal of the loan
Brookfield Properties took out an over $300 million loan to buy the property
Unaccompanied teens have been largely banned from the mall
Work on the parking garage continues
PROVIDENCE – The Providence Place mall will be listed for sale in September, after a Superior Court judge approved a brokerage agreement.
The firm Jones Lang LaSalle Americas, Inc. , based in Chicago, will be handling the listing.
In a June motion to approve a brokerage agreement, former receiver John Dorsey wrote that they identified three firms to handle the listing, conducted interviews, narrowed it down to two, did more interviews with the company holding the loan for Providence Place and then chose Jones Lang LaSalle Americas.
The agreement itsel