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Bank takes Springfield Plaza in foreclosure auction; neighbors relieved that maintenance will continue

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SPRINGFIELD — Mortgage lenders led by KeyBank bid $23 million Thursday and bought Springfield Plaza at a foreclosure auction.

The winning bid, which played out over an hourlong auction in a parking lot near the plaza’s Stop & Shop, protected the lenders’ money after other bidders failed to reach the undisclosed minimum bid. Two other active bidders both tapped out after $22.5 million.

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