Regency Square Mall

Regency Square Mall opened in 1975 on Parham Road in the West End of Henrico County, Virginia. (WTVR.com)

Michael Schwartz RICHMONDBIZSENSE.COM

8:06 a.m. EST, January 6, 2012

HENRICO COUNTY, VA (RichmondBizSense.com) - With a $72 million loan on its back and foreclosure looming, the owner of Regency Square Mall has given the property back to its lender.

Taubman Centers, the Michigan-based mall owner, announced yesterday that the mortgage lender accepted a deed for the 820,000-square-foot mall in lieu of foreclosure. The title of the property was then transferred to LNR Partners, a special servicer working for the lender.

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