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A Plainfield shopping center is facing foreclosure for the second time in its short history, after its owner failed to sell off the mall before the pandemic or renegotiate the property's loan terms after the health crisis began.
The Shops at Perry Crossing is owned by Memphis-based Poag Shopping Centers LLC, which bought the property originally known as Metropolis in 2014 with a $35 million loan through holding company Metropolis Lifestyle Center
LLC. Chicago-based Blue Vista Capital Management LLC also was a partner in the...