A property formerly managed by the same people who owned the Indiana Mall has been sold at a sheriff’s sale auction in Cambria County.
At the sale on Friday, the Johnstown Galleria was sold to its creditor, U.S. National Bank Association for $238,718. The Galleria was built in 1992 by George Zamias, and was bought and sold several times while Zamias Services, current property managers of the Indiana Mall and the former Giant Eagle Express property on South 7th Street in Indiana, continued to manage the property. Florida-based ADAR Johnstown, LLC assumed the Mall’s mortgage in 2014.
In 2019, creditors started to take legal action to take the mall from ADAR and replace Zamias services with a court-appointed receiver to manage the facility. U.S. National Bank put the mall in receivership in February of 2020, with Spinoso Real Estate Group taking over as manager. After the pandemic severely impacted traffic and sales at the mall, the mall was foreclosed in August of last year.
The Galleria’s immediate future is not known.
