In the 2000s, The Granite Run Mall saw an increase in vacancies and its owners started exploring options for selling the mall. In February 2011, Simon and Macerich were over 30 days delinquent on the mall's $115 million mortgage, leading to the possibility of a sale or forfeiture of the mall. On April 1, 2011, Simon Property Group gave the mall back to its lender and the lender appointed Madison Marquette as the leasing and management agent. Madison Marquette announced plans to improve lighting, the parking lots, and sidewalks as well as to fill vacancies.
