Orange Park Mall's Owner Files Chapter 11 Bankruptcy
Washington Prime Group Inc., owner of the Orange Park Mall and 100 other retail properties, filed a “prearranged” Chapter 11 bankruptcy petition June 13.WJCT News partner the Jacksonville Daily Record reported the Columbus, Ohio-based mall operator said it expects to continue operating the properties as usual after entering Chapter 11 with a support agreement from a majority of its creditors.
Washington Prime was spun off from Simon Property Group in 2014, with the company consisting of smaller malls that were operated by Simon.
The Orange Park Mall has 952,725 square feet of space and was 97.2% occupied at the end of 2020, according to Washington Prime’s annual report.
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