Foreclosure sale of Hollander 95 Business Park canceled

March 06, 2010

A foreclosure sale of the Hollander 95 Business Park in Northeast Baltimore was canceled this week, after partners in the venture filed for bankruptcy protection and stopped the proceedings, according to auctioneer Paul Cooper of Alex Cooper Auctioneers. Hollander Rock LLC, which bought the 51-acre site for $4 million from the city, had planned to build a warehouse, distribution and manufacturing center. Only the 82,000-square-foot warehouse has been completed, and tenants have moved into half of the building. Alex Cooper was handling the sale for M&T Bank, after the developers defaulted on an $11.7 million loan.

- Baltimore Sun

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