This renovation had a cost of $8 million and the main purpose was to redesign exterior and entrance, restrooms and upgrade lighting.
[14] In June 2021, the Montgomery Mall was foreclosed upon by Wilmington Trust, trustee for Wells Fargo Commercial Mortgage.
[15] In order to satisfy the loan, the mall was sold to Kohan Retail Investment Group on November 20, 2021 for $55 million.
[2] In 2022, Kohan Retail Investment Group sold the Wegmans site at the mall to ExchangeRight for $22.6 million.
[16] In recent years, the Montgomery Mall has seen a decrease in foot traffic and an increase in the vacancy rate.