Arkansas Business has the details on today’s auction of Park Plaza Mall. It lasted three minutes and Deutsche Bank Trust Co. Americas won it for $100,000, the minimum bid. That returns the mall to Deutsche Bank, which won an $86 million judgement against Park Plaza Mall CMBS LLC of Chattanooga, Tennessee, after the LLC defaulted on a loan.
Related: Arkansas Business editor Lance Turner has a good overview of Park Plaza’s history and the uncertain future of mall’s everywhere.
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This sale doesn’t include Dillard’s, which owns its property that bookends Park Plaza.