The bank took ownership of the 77,000 sf center in April 2000 after receiving an $18.2 million foreclosure judgment, according to published reports.
Broward County owns the nearly four-acre site on which Northport sits. Northport's lease has 92 years remaining.
The bank attempted to auction Northport after trying to sell it. The seller had been asking $11 million for the center.
The site, originally envisioned as an international trade hub, has struggled as a retail and entertainment center. NorthPort is between the 17th Street Causeway and the Intracoastal Waterway, next to the Broward County Convention Center.
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