Florida development company buys Bellis Fair Mall

News

Photo: KGMI/Dave Walker

BELLINGHAM, Wash. – The Bellis Fair Mall is officially under new ownership.

4th Dimension Properties, a mall development company based out of Orlando, Florida, announced on their website that they purchased the mall on November 29th.

Bellis Fair sold for $44 million, which was above the original minimum price determined by the auction house.

The mall went on the auction block after the previous owners, Brookfield Property Brothers, defaulted on a $77 million loan.

Brookfield acquired the initial $93 million loan for the mall in 2018.

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