Last Updated: January 30, 2012 ET

Moorland Commons Faces Foreclosure Lawsuit

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NEW BERLIN, WI-Moorland Commons, a 140,000-square-foot shopping center at 15500 W. Beloit Road in New Berlin, is facing a foreclosure lawsuit. A securities trust that is trying to gather $21.19 million on the retail center's mortgage has filed the lawsuit.

Moorland Commons was developed in 2001 by Madison-based E.J. Plesko & Associates Inc. EJP Moorland Commons LLC is the owner of the property. J.P. Morgan Chase & Co. issues a $17-million mortgage for the center in 2005. For the full story, go to Business Journal Serving Greater Milwaukee .

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