Foreclosure filed on popular retail center

Posted at 2:53 PM, May 02, 2016
and last updated 2016-05-02 14:53:22-04

LEE COUNTY, Fla. -- One of Southwest Florida's most prominent shopping plazas, the Gulf Coast Town Center, is officially hitting the auction block.

It's reportedly the biggest stand-alone foreclosure in county history, totaling more than $212 million.

The foreclosure comes after Wells Fargo sued the mall's owners last year for defaulting on their $191 million loan.

The online foreclosure auction is slated to take place on May 18th.

Details of the foreclosure filing can be viewed HERE.