Mall Owner Struggling With Its Mortgage Bills
By NATE SCHWEBER
WAYNE
KATHERINE EKLUND was at Willowbrook Mall last week, where she was getting holiday photos of her daughters, Julia Gerbino, 5, and Catherine Gerbino, 2. Ms. Eklund said she had no idea that the owners of the mall, General Growth Properties, the second-largest shopping mall owners in the United States, were having financial problems. But she said she was not surprised.
Ms. Eklund, 42, of Short Hills, who frequents this mall for the Bloomingdale’s store and the GapKids, figured the mall owner was in the same boat as many others in these dire times.
“I would just say it’s the economy,” she said. “I see it everywhere.”
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