The once vibrant Valley West Mall is under contract with a new buyer, although who that is hasn’t been disclosed.
The 865,000-square-foot mall went on the market in February, three years after it went into foreclosure and was placed in receivership after the mall’s owner, Minneapolis-based Watson Centers Inc., failed to make loan and other payments totaling nearly $3.5 million to U.S. Bank.
Since then, questions have lingered about who will buy the 60-acre parcel and what any redevelopment of the mall could look like. With the mall now under contract, those questions may soon be answered…