Woodbury Lakes avoided foreclosure after the retail center’s ownership changed hands.
The former owner, Woodbury Lakes Retail LLC, turned over the property to a lender, effectively canceling a sheriff’s sale that was scheduled for next week.
The owner of Woodbury Lakes retail center defaulted on a $65 million principal mortgage for the complex on Hudson Road west of Woodbury Drive. The property is headed for foreclosure and an Oct. 1 sheriff’s sale.
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