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Springfield's Upper Valley Mall Auctioned Off

Springfield's Upper Valley Mall, built in 1971, has suffered from the loss of several anchor tenants.
Nicholas Eckhart
/
Flickr/Creative Commons
Springfield's Upper Valley Mall, built in 1971, has suffered from the loss of several anchor tenants.

An online auction yielded a $2.65 million bid last Thursday for Springfield's financially troubled Upper Valley Mall.

The bidding process was completed on the website auction.com and exceeded the minimum asking price of $1.5 million attached to the 500,000 square foot property.

The mall will remain in escrow until the sale is finalized and then the new owner will be announced.

Sears is the only anchor store left at the mall and was not included in the sale because it owns its space.