Following the Chapter 7 liquidation of Fashion Mall in Plantation, bankruptcy trustee Kenneth Welt is looking to bring CBRE on to handle the sale of the 32.1-acre property.
Welt filed a motion to name CBRE as the site’s exclusive broker on Dec. 23, according to a published report. Eventually the property at 321 North University Drive will be auctioned off.
“The trustee believes that the maximum value for these estates can be achieved through an organized and well-market process, culminating in the sale of the property,” Welt wrote in his motion, according to the South Florida Business Journal.
On Jan. 8 the bankruptcy judge will hear the motion. [South Florida Business Journal] – Heather Grossmann