Photo by Graham Cullen A foreclosure sale of Thurmont Plaza is scheduled for 1 p.m. Oct. 29 at the center on Church Street.

A letter to tenants about the sale suggested they be prepared to renegotiate their leases, said Jaime Keller, owner of Curves.

"I think everybody is concerned about renegotiating their lease," Keller said. "There's only just so many places in Thurmont " to accommodate businesses.

The tenants are also concerned about the plaza's future with a new owner.

"I hope that whomever takes over will bring more business and have an eye for what Thurmont needs," Keller said.

Keller is worried because she bought Curves in August and has planned a grand opening for Monday.

Chris Song, a five-year owner of Thurmont Songs Cleaners, is concerned as well.

"I hope a good landlord comes in here. There are too many stores that have been empty for too many years," Song said.

More stores will attract foot traffic, which benefits all the tenants, Song said.

Closed units include Woodsboro Bank, Beach Body Tans and Pro Nails. Jackson Hewitt Tax Service is closed until January, according to a note posted on the door.

A 19,000-square-foot section in the plaza owned by Don Owens is not for sale.

Owens, owner of Catoctin Development, is sprucing up a space for Dollar General retail store to move into sometime in November.

"My understanding is the property has been in bankruptcy for years," Owens said.

"I think it's a good place for business if someone buys it and pays attention to it. But in this environment, I don't know what they'll get for it."

Asked if he would consider buying the property, Owens said, "Not in this environment."

Michael Schuett of Black Creek Consulting, a receivership company, is a receiver for the property.

Tenants with good leases shouldn't worry, he said.

"If your lease is good, life is good," Schuett said.

Linowes and Blocher Law Firm in Bethesda announced the sale recently in The Frederick News-Post.

Attorney Jennifer Kneeland said she is counsel for the property owner, but would need approval from the property owner to discuss the transaction. She did not call back by press time.

The terms of sale for the property require a $100,000 deposit in cash or certified check, or other form acceptable to the substitute trustees.

The balance of the purchase price is to be paid in cash within 10 business days of the final ratification of the sale by the Circuit Court for Frederick County.

Other tenants include CVS Pharmacy, Blockbuster Video, Peking Palace and Subway.

The foreclosure sale will take place at 1 p.m. Oct. 29 at the plaza. The property will be sold by Tidewater Auctions of Towson.