Shoppes at Jupiter faces $30M foreclosure, theater leaving

The Shoppes at Jupiter, which could soon lose main tenant Cobb Theatres, has been hit with foreclosure over a $29.5 million mortgage.JPMCC 2006-LDP7 Retail 201 LLC, representing a commercial mortgage-backed securities (CMBS) trust, filed a foreclosure lawsuit on Jan. 16 against Holiday Jupiter LLC. The borrower is controlled by Totowa, N.J.-based Crimson Capital.According to CMBS analysis firm Trepp LLC, the mortgage has $29.5 million outstanding and has been past due since August. Fitch Ratings http://feeds.bizjournals.com/~r/industry_21/~3/vG0S5gHoUjw/shoppes-at-jupiter-faces-30m.html @ uwad.com