WEST ASHLEY, SC (WCSC) - The Citadel Mall did not sell at auction on Tuesday.
The minimum bid was set at $65 million dollars and there were no bids over that. The lender now gets to repossess the property.
In September, the Spinoso Real Estate Group took over running the mall after the previous owner CBL & Associates defaulted on its $75 million loan.
Now, the lender will take over and have a new company run the property.