Zach Stalker, 14, with his mom Tracie Avery, from Enfield, carry bags of bargains at Steeplegate Mall in Concord. The mall’s owner defaulted on the shopping center’s mortgage this month. (Union Leader File)
Steeplegate Mall owner defaults on mortgage
“I don’t anticipate the mall will close,” said Carlos Baia, Concord’s deputy city manager for development.
“The loan matured on August 1, 2014 and was not repaid, as such the loan is currently in default,” the company said.
“Hopefully, the mall will turn around,” he said.