Wells Fargo New Owner Of Muncie Mall

Wells Fargo Bank is officially the new owner of the Muncie Mall after purchasing the once thriving retail center at a sheriff’s sale on May 10. The Star Press reports the bank made the purchase after developer Washington Prime Group ceased paying the mortgage on the property in 2020 and filed bankruptcy in 2021. The move will now allow Wells Fargo to sell the mall, Muncie Mayor Dan Ridenour said.

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