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Tuesday, June 15, 2021

Owner of Mishawaka Mall (University Park) files Chapter 11 -- mid-June 2021

 from Inside Indiana Business dot-com article (Monday June 14, 2021 at five o'clock p.m.)

COLUMBUS, OHIO - The owner of several Indiana shopping centers has filed for Chapter 11 bankruptcy protection. Ohio-based Washington Prime Group Inc. (NYSE: WPG) says it has entered into a restructuring support agreement with its creditors and will use the bankruptcy filing to "implement a comprehensive and consensual financial restructuring" of its corporate-level debt.

Washington Prime owns a dozen shopping centers throughout Indiana, including Muncie Mall, Clay Terrace in Carmel, Markland Mall in Kokomo, and University Center in Mishawaka, IN.

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