The Glendale Marketplace, a struggling 2.2-acre retail center on Brand Boulevard, is up for sale.
The center is home to a Mann's Theatres multiplex, Old Navy and HomeGoods stores and more than a dozen other shops and restaurants. It also has vacancies where Linens 'n Things and Marshall's Mega Shoe stores used to be, and in 2011 will lose the four-screen movie theater.
The Borders bookstore at the corner of Colorado and Brand boulevards is not part of the center.
Representatives from the firm handling the sale, Jones Lang LaSalle, did not return calls regarding the price, but a written summary prepared by the Chicago-based firm states owners Eagle Glendale Marketplace and AK Glendale owe nearly $44 million on the property.
The site is 97% leased and 67% occupied, according to Jones Lang LaSalle.
Rick Caruso, developer of the Americana at Brand across the street, said he may be interested in buying the site, adding that it has drawbacks.