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Coventry Mall near Pottstown to go up for auction in September

By 69 News, follow: @69news, news@wfmz.com
Published On: Dec 24 2013 02:43:58 AM CST
Updated On: Aug 20 2013 05:07:42 PM CDT

Another local shopping mall is due to be sold to the highest bidder.

NORTH COVENTRY TWP., Pa. -

Another local shopping mall is due to be sold to the highest bidder.

The U.S. District Court for the Eastern District of Pennsylvania has scheduled the Coventry Mall near Pottstown to go up for auction next month.

The mall's owner owes trustees more than $62 million, according to a notice posted at the mall.

The mall, located on Route 724 at Route 100 in North Coventry Twp., Chester Co., has dozens of stores, including Boscov's, Kohl's, TGI Friday's and Schuylkill Valley Sports.

One of the mall's large anchor spaces, however, has remained empty since Sears closed in early 2012.

The auction is scheduled for 11 a.m. on Sept. 19 at the mall.

The Fairgrounds Square Mall in Muhlenberg Twp., Berks Co., fell under similar circumstances when it was sold earlier this year at a U.S. Marshal auction for $13.6 million.

The Bank of New York Mellon Trust Company was the lone bidder for the cash-strapped mall, whose previous owner defaulted on its mortgage, owing the bank about $44 million.

The mall remains open.