BALTIMORE-The Eastpoint Mall, located at the junction of Eastern Avenue, Interstate 695 and North Point Boulevard in Baltimore County, has been sold at an auction. Miami Beach, Florida-based LNR Property LLC paid $30 million for the troubled 845,000-square-foot mall.
New York-based Thor Equities LLC bought the Eastpoint Mall in 2006 for $112 million. LNR represented lenders as the special servicer. The firm foreclosed on the mall as Thor failed to make payments. The mall includes nearly 100 tenants. For the full story, go to Baltimore Business Journal .
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