Century III Mall sheriff’s sale postponed yet again

October 2, 2018

A sheriff’s sale of the Century III Mall has once again been postponed after its owners filed for bankruptcy at the last minute, the Allegheny County Sheriff’s Real Estate Office said Tuesday.

A new sale date of Dec. 3 has been set.

The mall filed for bankruptcy Monday, according to federal court documents.

County officials posted notices in April of the sheriff’s sale on the windows of the West Mifflin mall. The sale was scheduled because of a court judgment against the mall. Las Vegas-based Moonbeam Capital Investments LLC bought the property in 2013, but West Mifflin officials said the firm has not followed through with revitalization promises.

As of Tuesday, the mall’s website lists 15 tenants, including anchors JCPenney and Dick’s Sporting Goods. Sears closed in 2014. Macy’s did the same two years later. The 1.3 million-square-foot enclosed mall opened in 1979.

According to its bankruptcy filing, the mall owes $1 million to $10 million to at most 50 creditors. It owes Sears $4.2 million, an amount that is disputed in the filing. The mall owes Olsen Restoration in Colorado $832,000; West Mifflin Borough $699,000; and law firm Siegel Jennings Co. $262,000. The mall owes Allegheny County $146,000.

This story has been corrected with the proper location of Olsen Restoration.

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