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LONGMONT — NewMark Merrill Mountain States has closed on the purchase of Longmont’s Twin Peaks Mall for an undisclosed sale price, the company announced Monday.
The mall was purchased from Bank of America, which took over the mall after foreclosure proceedings were filed against its previous owner, the Panattoni Co. Panattoni had hired NewMark Merrill to take over management of the mall in October 2010.
A foreclosure sale of the property was scheduled for early January but was postponed while NewMark Merrill and the bank worked out terms of the sale.
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