Lakeforest Mall Sold to South Carolina Retail Developer

Lakeforest Mall in Gaithersburg has been sold to WRS Inc., a South Carolina retail shopping center developer, a Gaithersburg official said Tuesday morning. Assistant City Manager Tom Lonergan said WRS informed the city of the transfer of ownership. The troubled mall has faced high vacancy rates, low rents and disinvestments. In June 2018, it became … Continue reading Lakeforest Mall Sold to South Carolina Retail Developer