We learned today that Mazza Gallerie in Friendship Heights has been put up for auction as a foreclosure. As first reported by the Washington Business Journal and Bisnow Washington, the owner of the property estimates to have lost around $533 million in revenue due to the current COVID crisis.
Mazza Gallerie, located in Friendship Heights, is technically on the Washington, DC side of town. Currently, the stores in the mall include Neiman Marcus, Saks Fifth Avenue, TJ Maxx, and an AMC movie theatre– most of which are temporarily closed at the moment. Back in May, Neiman Marcus announced bankruptcy; there is speculation that this is a contributing factor to the current sale of the mall.
Featured photo courtesy of the Mazza Gallerie website.