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Vacant Forest Hills building receives no bids

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By Tory Parrish
Wednesday, Jan. 9, 2013, 8:56 p.m.
 

A vacant office building that Giant Eagle Inc. wanted as a site for a gas station received no bidders at a sheriff's sale this week, so the mortgage holder took the foreclosed property, a lawyer said.

Verona-based Engineered Products Inc. likely will sell the building, but first it would have to pay about $30,000 in property taxes owed to the county, Woodland Hills School District and Forest Hills, said James Chiafullo, EPI's lawyer.

Armore-Cascade Inc. of Imperial had owned the building, which is 102 years old, at 1844 Ardmore Blvd.

In June, EPI foreclosed on a 2010 mortgage that Ardmore-Cascade used to secure a debt it owed to EPI for the cost of building repairs EPI made while a tenant.

Ardmore-Cascade's filing for Chapter 7 bankruptcy protection on Aug. 29 could have delayed the sheriff's sale on Monday, but a judge dismissed the filing in October for failure to file documents.

Since there were no bidders this week, EPI acquired the property for about $230,000, plus fees, which equals the company's costs and expenses for the mortgage, Chiafullo said.

The building is beside Forest Hills Presbyterian Church, which Giant Eagle approached, seeking to buy part of its parking lot for a GetGo convenience/gas station. But the church's membership failed to get enough votes to approve the sale in August, said the Rev. Ben Black, pastor.

Giant Eagle now has no plans for a GetGo in Forest Hills, company spokesman Dick Roberts said.

Tory Parrish a reporter for Trib Total Media. She can be reached at 412-380-5662 or tparrish@tribweb.com.

 

 
 


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