BELLINGHAM, Wash. – The Bellis Fair Mall is officially under new ownership.
4th Dimension Properties, a mall development company based out of Orlando, Florida, announced on their website that they purchased the mall on November 29th.
Bellis Fair sold for $44 million, which was above the original minimum price determined by the auction house.
The mall went on the auction block after the previous owners, Brookfield Property Brothers, defaulted on a $77 million loan.
Brookfield acquired the initial $93 million loan for the mall in 2018.