Johnson City Mall Bankruptcy

Shoppers won’t notice a difference while the owner of The Mall at Johnson City has declared Chapter 11 bankruptcy and will begin debt restructuring.According to a statement from the Washington Prime Group, the retail real estate investment trust that owns The Mall at Johnson City, it will begin substantial restructuring of debt across their property.The company specializes in ownership of retail properties around the world which total to over 100 separate sites.The statement assures investors that all business operations will “continue in the ordinary course without interruption.”