No cash would change hands in the deal with Republic Services.
No cash would change hands in the deal with Republic Services.
The lender wants a receiver to oversee Market Center in the 1600 block of Market Street.
The owner also has a downtown tower in foreclosure.
The buyer submitted a $11.2 million credit bid for a property that fetched $23 million in 2014.
“The theft is a real issue,” the store’s landlord said. “But if that was the only thing going on, I don’t believe they would have left.”
Harlequin Plaza is 70 percent occupied. Bellco Credit Union, which is headquartered there, is pursuing a sublease deal.
A spokeswoman attributed the closure to “changing demographics and lower enrollment in the area.”
“A lot of what we did here was address concerns relative to the rooftop,” Monfort exec Matt Runyon said.
Colorado Blvd. shopping center fetches $56M, a sale in the Santa Fe arts district and Crane Games arcade leases a second location.
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