Massive Foreclosure Sale: 16 Office Buildings, $67M In Debt, Spanning 2 Counties

Locator map of the Harrisburg metro area in th...

Locator map of the Harrisburg metro area in the south central part of the of . Red denotes the Harrisburg-Carlisle Metropolitan Statistical Area, and yellow denotes the Lebanon Micropolitan Statistical Area, which is included in the Harrisburg-Carlisle-Lebanon CSA. (Photo credit: Wikipedia)

Sixteen office buildings, $67 million in debt.

It is a sprawling real estate portfolio, one that stretches from Mechanicsburg in the west to Lower Paxton Township in the east. And its all being put up for sale to the highest bidder in October, dramatically enough on the steps of the U.S. Federal Courthouse in Harrisburg.

The foreclosure sale – one of the largest, if not the largest in the midstate’s recent history – comes after a year-long, largely uncontested civil case in federal court, between one of the nation’s largest banks and a real estate company which serves as proxy for other, largely unknown investors.

The buildings include sites in Rossmoyne Business Park in Upper Allen Township, Interstate Drive in Susquehanna Township, and along Flank Drive in Lower Paxton, home to dozens of private businesses and several state agencies, including PEMA.

Reads more: http://www.pennlive.com/midstate/index.ssf/2013/09/massive_foreclosure_scheduled.html#incart_m-rpt-2