St. Louis Outlet Mall in Hazelwood Past Due on $90 Million Loan

The St. Louis Business Journal is reporting overdue payments on commercial real estate investments in the Greater St. Louis Area have gone up with the mall, formerly called St. Louis Mills, being one of the larger delinquencies.

It appears St. Louis Outlet Mall is overdue on it's financial obligation. Simon Property Group recently sold the property at the end of August, and the mall property which is located in the City of Hazelwood is overdue on a $90 million loan. The St. Louis Business Journal is reporting the past due payments on commercial real estate investments in Greater St. Louis Area, and it appears delinquencies are on the rise. The article cites New York research firm Trepp LLC and said one of the lager delinquencies is the St. Louis Mills Mall in Hazelwood, now known as St. Louis Outlet Mall. The Woodmount Co. was brought in to manage the property after its sale Simon has its eye on a new prize with its St. Louis Premium Outlets development in …

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St. Louis Mills Sold, Now St. Louis Outlet Mall

Simon Property Group hands the keys over to The Woodmore Co., to manage the outlet mall.

St. Louis Mills Under New Management, Now Called St. Louis Outlet Mall

Simon Property Group no longer owns the property, which the Woodmore Co., its partner on a new Chesterfield outlet project, now manages.

There have been whispers about it for a couple months now, but it's finally been announced to the public. Hazelwood's outlet mall, St. Louis Mills, has a new name and new management. The new name is St. Louis Outlet Mall. The new management is The Woodmont Co., (Woodmont). Frederick Meno, president and CEO of Asset Services for the company, said the name St. Louis Outlet Mall more accurately reflects the mall's roster of stores and entertainment venues. The name change appeared on the property's Facebook page the first week in September, still management was mum about any sort of sale. With new management comes new owners Simon Property Group (Simon) acquired St. Louis Outlet Mall through a merger with the Mills Corp. in 2007. With the …

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