Coventry Mall near Pottstown to go up for auction in September
Updated On: Aug 20 2013 05:07:42 PM CDT
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.
State Police: We have taken Eric Frein into custody
Residents watch Frein's capture at airport hangar
Missing Hazleton boy found on Pacific island; father charged with kidnapping
Poconos residents watch Frein's arrival at Blooming Grove barracks
Pike County DA to seek death penalty for Frein
Texas man charged in shooting death of Lower Macungie man
Prosecutors will seek death penalty against Frein
Montgomery County monitors 1st travelers from West Africa
Humane Society puts out urgent plea for donations
Nurse refuses Ebola quarantine