Bankruptcy trustee wants CBRE to broker Fashion Mall sale

Fashion Mall in Plantation, Florida.
Fashion Mall in Plantation, Florida.

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. 

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“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