On February 28th, WRS Inc., a real estate investment firm based out of South Carolina, purchased Lakeforest Mall’s four anchor sites. The firm previously purchased the core, ponds, and forest conservation of the mall back in 2019. Last week, Gaithersburg’s Office of Economic Development released the dollar amount the properties were acquired for, per Maryland Land Records.
A total of $75 million was paid to acquire Lakeforest Mall.