La Crosse’s Valley View Mall sells for $13.2 million at public auction

An attorney representing Wells Fargo Bank offered the highest bid, which was less than half the assessed value

LA CROSSE, Wis. (WKBT) – La Crosse’s Valley View Mall has a new owner.

The mall went into foreclosure roughly two years ago.

Tuesday morning, the La Crosse County Sheriff’s Department auctioned off parts of the property.

The mall is broken into several tax parcels. Three of those parcels, including JCPenney and Barnes & Noble, fell into foreclosure. Those three parcels sold to the highest bidder.

All it took was one bid for the Valley View Mall to be auctioned off.

Attorney Max Meckstroth made the bid on behalf of Wells Fargo, the current lienholder.

According to the notice of the sale, ten percent of the bid was required to be paid immediately at the auction.

The total amount must be paid to the clerk of courts office no later than 10 days after the court confirms the sale.

Meckstroth declined to provide comment following the auction.

The Wells Fargo bid was for less than half of what the mall is worth. According to La Crosse County land records, the total assessment for the mall is valued at more than $27 million.

La Crosse Mayor Mitch Reynolds says the city is not involved in the sale. Still, he says he’s confident the mall will remain open.

“In terms of the mall closing down or anything, I don’t have very much concern about that right now,” Reynolds said. “I think this is really a change in ownership provides an opportunity and the ability to just basically develop that site in a positive direction.”

Wells Fargo declined to comment further on the sale.

According to the mall’s general manager Jeff Odom, the new HyVee  grocery store, River Valley VA Community Clinic, and former Macy’s store are not a part of the sale. Also not included in the sale are Dick’s Sporting Goods and Chuck E. Cheese.

The mall first opened in 1980.

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