Mall Sold
The Frederick Towne Mall was sold to Dr. Mohammad Mohuiddin, a Frederick-based urologist, and other investors for "$6 million plus," according to the seller's attorney, David Severn. [Photo above from auction site, ten-x.com.]
The 38-acre property on West Patrick Street went out for bid on an online auction site in December, with a minimum bid of $2.5 million. The owner, Rockwell Capital of White Plains, N.Y. purchased the property in 2007. The City of Frederick approved permits, with zoning conditions attached, for a Wal-Mart store, but Wal-Mart backed out last fall. Wal-Mart opened a super store on Rt. 26 in Frederick last month. For more info, see Mall On Auction Block.
More details are coming about the sale, and the use of the property. Mohuiddin Limited Liability Partnership also owns 7215 Corporate Drive, Frederick. The building on 3.5 acres in Westview is currently rented by the Carroll Creek Montessori Charter School.
