Coventry Mall Sold At Auction, Will Remain Open

Map of Pennsylvania highlighting Chester County

Map of Pennsylvania highlighting Chester County (Photo credit: Wikipedia)

NORTH COVENTRY TOWNSHIP, PA — The Coventry Mall was sold Thursday at auction for $49.5 million to U.S. Bank National Association, as Trustee, pending judicial approval of the proceeding.

An attorney for the bank was the lone bidder in the auction of the property.

The mall has remained open throughout the process and will continue normal operations, according to William Ritterling, general manager of Coventry Mall.

The auction, which lasted less than 15 minutes, attracted about 10 onlookers and was conducted outside the mall in front of the empty Sears store.

Read more: http://www.pottsmerc.com/business/20130919/coventry-mall-sold-at-auction-will-remain-open

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