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Starwood Could Turn Over Control of Its Eighth Mall in Two Months

Affiliated Borrower Is in Talks With Bondholders on 1 Million Square Feet in Joliet, Illinois
The Louis Joliet Mall in Joliet, Illinois, has lost two anchor stores and a major big-box retailer over the past two years. (CoStar)
The Louis Joliet Mall in Joliet, Illinois, has lost two anchor stores and a major big-box retailer over the past two years. (CoStar)
By Mark Heschmeyer, Jennifer Waters
CoStar News
October 22, 2020 | 2:02 AM

Starwood Retail Partners is adding another regional mall to the growing list of retail properties turned over to lenders across the industry as it and other owners struggle to deal with declining sales at brick-and-mortar locations.

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