MIDDLEBURG – The bank which holds the mortgage of the Susquehanna Valley Mall has purchased the mall. The Real Estate Deputy for the Snyder County Sheriff’s Office tells WKOK U.S. Bank National Association, purchased the mall for $5.25 million during a Sheriff’s Sale Friday.
The sale took place at the Snyder County Courthouse in Middleburg. The deputy tells us an attorney who represented the bank at the sale, outbid Valley developer Robert Grayston.
The deputy says bidding started at $35,000. The bank now has 20 days to pay the balance, before the deed is reviewed and recorded. The mall was up for sale after defaulting on mortgage payments of just under $34 million.