Eastpoint Mall, long a shopping fixture in the Essex and Dundalk communities, is expected to be sold at auction on May 29.
The auction for the 67.2-acre property at 7839 Eastern Ave. will be held at the Bosley Avenue front entrance of the Circuit Court for Baltimore County, according to a legal advertisement in The Jeffersonian.
The Baltimore Business Journal reported in March that the mall had been placed in receivership and that a Georgia real estate firm had assumed management of the property.
The actions were the result of a lawsuit filed by lender LNR Property LLC against mall owner Thor Equities, according to the BBJ.
Richard M. Kremen and Dale K. Cathell of DLA Piper LLP are the substitute trustees for the property, according to the ad, and the sale will be handled by Tidewater Auctions.
Improvements on the property include an enclosed mall with about 851,000 square feet of leasable space, featuring anchor and major store space, an in-line kiosk, food court and office and outparcel space.
The mall was built in 1957 as an open shopping center and underwent a major renovation in 1991 and a minor renovation in 2005, according to the ad.
The center currently has more than 100 tenants and offers more than 3,400 parking spaces.
The successful bidder must present a $1 million deposit at the time of the sale, the ad states.
Detailed information about the property and sale is contained in the media section of this article.
Potential bidders may contact Tidewater Auctions by calling 410-825-2900.