Auction of Jasper Mall postponed until Thursday

By ED HOWELL, Daily Mountain Eagle
Posted 10/21/17

The mortgage foreclosure auction of the Jasper Mall has been delayed until Thursday.

The Jasper Mall was to be sold in auction at the main entrance of the …

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Auction of Jasper Mall postponed until Thursday

Posted

The mortgage foreclosure auction of the Jasper Mall has been delayed until Thursday.

The Jasper Mall was to be sold in auction at the main entrance of the Walker County Courthouse to the highest bidder on Oct. 11, according to a notice of mortage foreclosure legal that recently ran in the Daily Mountain Eagle.

However, another legal last week ran in the newspaper on Oct. 18, noting that was postponed.

“The foreclosure sale ... shall be held on Thursday, Oct. 26, 2017, at the main entrance of the Walker County Courthouse,” the legal ad said.

As with the first ad, it only said that the sale would be held during the “legal hours of the sale.” 

The news of the auction sale comes as two anchors, JCPenney and Kmart, recently closed, as well as Chick-fil-A and rue21.

In March, when JCPenney closed at the mall, Jones Lang LaSalle Americas Inc. (JLL) announced in an email that it has been appointed as receiver of Jasper Mall. Daymon Ward, senior general manager of JLL, offered a short statement last month.

“Jasper Mall has posted for sale in foreclosure. We do not expect the sale to impact the operations of the center,” he said. “Jones Lang LaSalle will continue to operate the center. There are no anticipated changes to the property at this time. We anticipate a smooth transition to new ownership.”

Maps at the Walker County Probate Judge’s Office confirmed that the property pointed to in the legal includes the mall, with a separate parcel covering the expansion that took in Belk several years ago.

JLL’s website shows spaces are for lease at the 288,575-square-foot mall, with spaces ranging from 500 square feet to 5,000 square feet.

The site covers 31.66 acres.

According to the earlier legal, the real property involved would be sold as is at public outcry to the highest bidder for cash.

“This sale is made for the purpose of paying the indebtedness secured by the mortgage as well as the expenses of foreclosure,” the legal said.