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Washington Prime Says It Could File for Bankruptcy Protection If Lender Talks Collapse

Mall Landlord With More Than $3 Billion in Debt Issues Warning After Missing Payment
Lincolnwood Town Center in suburban Chicago holds the largest Washington Prime Group mortgage in default. (CoStar)
Lincolnwood Town Center in suburban Chicago holds the largest Washington Prime Group mortgage in default. (CoStar)
By Jennifer Waters, Mark Heschmeyer
CoStar News
March 17, 2021 | 11:23 P.M.

Washington Prime Group, facing $3.27 billion in debt, said it has doubts about its ability to stay in business as the shopping center and mall landlord struggles to make ends meet.

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