Coventry Mall Sold At Auction, Will Remain Open

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

Notice Announces Auction Of Coventry Mall Property

NORTH COVENTRY TOWNSHIP — A notice posted to the doors of the Coventry Mall Monday announced a pending receiver’s sale of the mall property.

According to the notice, U.S. Bank National Association sought and received approval of the sale in U.S. District Court for the Eastern District of Pennsylvania.  The property will be sold to the highest bidder at auction on Sept. 19.

The notice states that the plaintiff, U.S. Bank National Association, is owed $62,406,171.09 plus “continuing interests and costs” as of June 26.

Read more:  http://www.pottsmerc.com/article/20130820/NEWS01/130829973/notice-announces-auction-of-coventry-mall-property