The $39 million sale of Northlake Mall has hit a potential speed bump. Charlotte-based Ryan Investment Group and the estate of Armani Spencer and Bianca Brown have both filed objections to the sale in North Carolina Business Court.
Spinoso Real Estate Group — the mall’s receiver since 2021 — entered into a $39 million purchase and sale agreement for the 1.06 million-square-foot mall on Jan. 7. It adds there is no reason to believe a higher offer will be made on the property, according to court filings.
The sale requires the court to approve and confirm the deal before the transaction can be finalized…