Iowa shopping mall owner files for bankruptcy

Chapter 11 Bankruptcy Paperwork

Photo: Getty Images

DES MOINES, Iowa -- The company that owns a pair of Iowa shopping malls is filing for bankruptcy.

Ohio-based Washington Prime Group, which owns Lindale Mall in Cedar Rapids and Southern Hills Mall in Sioux City, filed for Chapter 11 bankruptcy protection this week.

The COVID-19 pandemic forced the company to temporarily close some of its roughly 100 shopping centers across the country as businesses were unable to pay rent.

A filing made in the United States Bankruptcy Court for the Southern District of Texas says the company’s estimated assets ranged from $1 billion to $10 billion as did its estimated liabilities.

There's no word from the company whether or not the bankruptcy filing will effect operation of either Iowa mall.

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