Bloomberg: Mishawaka shopping center owner may file for bankruptcy

first_imgIndianaLocalNews Pinterest WhatsApp Google+ Bloomberg: Mishawaka shopping center owner may file for bankruptcy Google+ Facebook Pinterest By Jon Zimney – March 8, 2021 0 290 (95.3 MNC) The owner of several Indiana shopping centers, including University Center in Mishawaka, which is the shopping center where Best Buy, Michael’s, Ross Dress For Less and more than a dozen other stores are located is reportedly preparing to file for bankruptcy.Bloomberg reports Ohio-based Washington Prime Group is looking to avoid a default after skipping an interest payment on its debt.Bloomberg cites sources who say the real estate investment trust’s negotiations with lenders are faltering, though plans to file for Chapter 11 bankruptcy protection are not finalized.Washington Prime has stated in the past the pandemic could affect its ability to meet the requirements of its agreement with lenders.Washington Prime owns 12 properties in Indiana. Twitter Twitter WhatsApp Facebook Previous articleAs Michigan approaches anniversary of first COVID cases, it also nears 600K confirmed casesNext articleThe St. Joseph County 4-H Fair will return this summer Jon ZimneyJon Zimney is the News and Programming Director for News/Talk 95.3 Michiana’s News Channel and host of the Fries With That podcast. Follow him on Twitter @jzimney.last_img read more