A Florida-based special servicer seeks a foreclosure sale of the downtown Mount Kisco retail property vacated by Borders Books and Music after the owner of the building at 162 E. Main St. defaulted on a $6.3 million mortgage loan.
An affiliate of LNR Partners L.L.C. in Miami Beach, Fla. in late February filed the foreclosure suit in state Supreme Court in White Plains against Mt. Kisco Associates L.P., the borrower in the 2007 mortgage deal, and Support One L.L.C., the loan guarantor. Both companies are based in the Wilton, Conn., office of Property Group Partners L.L.C., formerly the Louis Dreyfus Property Group Inc.
Borders vacated the approximately 21,500-square-foot space in September 2011 when the company declared bankruptcy and closed all of its locations. A broker for the property and Mount Kisco village officials have said they expect a new tenant will replace the downtown retail anchor this year.
