Marley Station Mall Faces Uncertain Future

GLEN BURNIE, MD — The coronavirus pandemic has hampered many businesses, among them Marley Station Mall, the 364,000-square-foot mall at Routes 2 and 100 in Glen Burnie. The mall lapsed into foreclosure this year and the owner, Marley Station Mall LLC, a subsidiary of G.L. Harris, filed for bankruptcy. But the mall was purchased by a local investor at auction for $1.65 million this fall shortly thereafter.

Now, the local investor has discovered that the bankruptcy filing in Texas has put a stop to the foreclosure auction sale. The Marley Station property holds two loans: one for $15.6 million and the other for $1.6 million. It is the second loan that was foreclosed on. If the sale is upheld, the investor must pay the remaining $15.6 million, Paul Cooper of Alex Cooper Auctioneers, which handled the auction, told Biz Journals.

G.L. Harris, the Dallas-based investor, bought the mall in 2017 for $22.7 million from Simon Property Group. The mall originally opened in 1987 and expanded twice in 1994 and 1996. There now are only a handful of businesses still operating in the mall. Two of its anchors, JCPenney and Sears, filed bankruptcy and Macy's has laid off hundreds of employees. Some local officials believe that the property needs to be completely revised into something like multi-unit housing or an office complex.

This article originally appeared on the Glen Burnie Patch