Pittsburgh Mall Sells for $100 at Auction
Want a sign of how bad retail has gotten? Check out the astonishing price of an entire mall.
The Galleria at Pittsburgh Mills, a 1.1 million square foot mall, sold for $100 on Wednesday.
The winning bidder was Wells Fargo (WFC) - Get Report .
The mall opened in 2005 and is one of Pennsylvania's largest, but it's only 50% occupied. The mall was once worth a cool $190 million, but recently was appraised at a mere $11 million.
This article was written by a staff member of TheStreet.
