Google Plus Facebook LinkedIn Twitter Vimeo RSS

Auction of $68M portfolio delayed

By

A federal auction of a midstate office portfolio has been postponed until Dec. 6, according to the U.S. Marshals Service in Harrisburg.

The 16-property lot owned by Corporate Gateway LP was scheduled to hit the block last week. No reason was given for the delay.

The properties in Cumberland and Dauphin counties are nearly $68 million in debt and are spread among four business parks.

The sale is the result of a foreclosure by U.S. Bank last October, court records show.

It is likely the bank will retain ownership of the properties as a buyer would have to pay the full amount due in the sale.

Jason Scott

Jason Scott

Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin County. Have a tip or question for him? Email him at jasons@cpbj.com. Follow him on Twitter, @JScottJournal. Circle Jason Scott on .

Leave a Comment

test

Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy

Comments

close
Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!