Real Estate & Construction  December 29, 2020

Court documents reveal Foothills mall has been for sale since early fall

FORT COLLINS — The owners of the Foothills mall have been actively listing the mall since September, just more than a month before it defaulted on its construction loan, court documents show.

A judge ordered the 620,000-square-foot mall’s operations to be taken over by Greenwood Village-based Cordes & Co. LLP late last week, according to state court records.

The order was not contested by Foothills’ co-owners Alberta Development Partners LLC and Walton Street Capital, which both signed a cooperation agreement with MUFG Union Bank N.A. in early December days before the bank filed suit

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