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JC Penney Company Inc.
Eastpoint Mall sold to Baltimore firm
Eastpoint Mall sold to Baltimore firm

A Baltimore-based real estate company acquired the troubled Eastpoint Mall last month for $33.4 million, only slightly more than the 68-acre property fetched at auction in 2012. P. David Bramble, managing partner of buyer MCB Real Estate LLC, said the company hopes its local knowledge will help turn the shopping mall around. "We're local, we're focused and we're excited about the opportunity," he said. "We think it's an underutilized asset in a really strong market …. With the right plan and capital investment, we think we can turn this into a strong presence." The Dundalk mall, which is anchored by a Sears and J.C. Penney, sold in 2012 to...