PORTLAND, Ore. (KOIN) — When it opened in 1960, it was thought to be the largest shopping center in the United States. Now, the end is near for the Lloyd Center.

The Lloyd Center is being foreclosed after its owners failed to make payments on a 2015 renovation plan.

The KKR Real Estate Finance Trust told KOIN 6 News they are taking ownership of the mall by the end of the year and will begin working with local partners on long-term redevelopment of the site.

To continue reading the rest of the article, please click on the source link below:

https://www.koin.com/local/multnomah-county/foreclosure-looms-for-lloyd-center-mall/