BREAKING: Lakeforest Mall HAS BEEN PURCHASED

We are told that Lakeforest Mall has been purchased by WRS Inc., a real estate investment firm based out of South Carolina.

The purchase includes the "core" of the mall, but the pad sites and their parking lots (Sears, JC Penney, Lord & Taylor, and Macy’s) are not included in this purchase as they are each owned by the individual companies.

Due to the timing of the news we have been unable to speak with representatives from WRS so we do not have any details on how much the mall sold for or any future plans at the moment.

U.S. Bank previously purchased the same part of the mall for $19.1 million in a foreclosure auction in January of 2018.

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