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Park Plaza Mall CMBS LLC

A lone shopper crosses a section of closed shops at Park Plaza in Little Rock.
Banking & Finance / Investments / Legal

$86.2M Judgment Awarded in Park Plaza ForeclosureLock Icon

Pulaski County Circuit Judge Alice Gray awarded an $86.2 million judgment plus interest from July 1 to Deutsche Bank Trust Co. Americas against Park Plaza Mall CMBS LLC of Chattanooga, Tennessee. read more >

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Park Plaza, at Markham Street and University Avenue in Little Rock, is caught up in the brick-and-mortar sales decline that was evident before the COVID-19 pandemic but has been worsened by it. Park Plaza, like a growing number of malls today, appears to be headed for foreclosure.
Banking & Finance / Investments / Legal

Park Plaza Moves Closer to ForeclosureLock Icon

Lenders are pushing forward with their foreclosure lawsuit against the owners of Park Plaza Mall in Little Rock. read more >

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Some malls have been decimated by increasing retail sales online, but Park Plaza in Little Rock boasts more than a 90 percent occupancy rate, with an H&M store scheduled to move in by the end of the year.
Banking & Finance / Government & Politics / Legal

Park Plaza Challenges Pulaski County AppraisalLock Icon

The owner of Park Plaza Mall is again challenging the Pulaski County Board of Equalization’s $63.6 million appraised value of the three-story mall. read more >

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Park Plaza has a dozen storefront vacancies and recently lost Zoes Kitchen, a pandemic casualty. Still, the mall was far from empty on a recent Sunday, with consumers basking in sun through the mall’s signature skylights.
Business Services / Government & Politics / Investments

Can Malls Shake Off the Cobwebs?Lock Icon

A Jonesboro real estate broker is among those who sees a potential for malls transforming after the pandemic, with a silver lining possibly being local stores taking over chain space. read more >

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Park Plaza, at Markham Street and University Avenue in Little Rock, is caught up in the brick-and-mortar sales decline that was evident before the COVID-19 pandemic but has been worsened by it. Park Plaza, like a growing number of malls today, appears to be headed for foreclosure.
Banking & Finance / Business Services / Government & Politics

Park Plaza at Risk in Mall Foreclosure EraLock Icon

Even before the coronavirus upended the world, malls were struggling to attract customers. Now the situation is worse. read more >

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