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Faits saillants de l'investissement
- Portfolio combines two newer construction assets within West Ridge Commons, totaling over 180,000 SF of rentable space.
- Positioned near restaurants, retailers & entertainment venues, ensuring consistent traffic & demand drivers.
- Strategic location along I-79, a major regional corridor, ensures strong visibility & access to West Virginia University.
- Modern infrastructure & high-quality finishes support sustained operational efficiency & tenant retention.
Résumé de l'annonce
Hilco Global and Onyx Asset Advisors announce July 6 as the bid deadline for the bankruptcy sale of this two-property portfolio. The sale offers the rare chance to acquire institutional-quality office and retail assets within the growing West Ridge Commons development, located along the I-79 corridor in Westover, West Virginia. Anchored by strong national tenants and positioned minutes from West Virginia University, the portfolio provides long-term income stability and future growth opportunities in one of the region’s most active commercial submarkets.
The offering includes a Class A office building constructed in 2019, totaling approximately 43,287 square feet on 2.68 acres, and a newly built retail center completed in 2022, featuring approximately 136,865 square feet across six tenants. Both assets are well-leased, with the retail center 100% occupied by national brands such as Kohl's (with in-store Sephora), HomeGoods, Burlington, PetSmart, Shoe Carnival, and Ross. Combined, the properties generate annual rental income exceeding $2.28 million with long-term leases in place.
Strategically located within a 1,000-acre master-planned development along I-79, these assets provide visibility, strong traffic exposure, and convenient access for a diverse customer base. With direct connectivity to WVU and a robust tenant mix, this portfolio is positioned to deliver sustained performance over the long term.
U.S. Bankruptcy Court District of Northern West Virginia, Petition No. 25-bk-00451 | In re: West Ridge, Inc., et al.
The offering includes a Class A office building constructed in 2019, totaling approximately 43,287 square feet on 2.68 acres, and a newly built retail center completed in 2022, featuring approximately 136,865 square feet across six tenants. Both assets are well-leased, with the retail center 100% occupied by national brands such as Kohl's (with in-store Sephora), HomeGoods, Burlington, PetSmart, Shoe Carnival, and Ross. Combined, the properties generate annual rental income exceeding $2.28 million with long-term leases in place.
Strategically located within a 1,000-acre master-planned development along I-79, these assets provide visibility, strong traffic exposure, and convenient access for a diverse customer base. With direct connectivity to WVU and a robust tenant mix, this portfolio is positioned to deliver sustained performance over the long term.
U.S. Bankruptcy Court District of Northern West Virginia, Petition No. 25-bk-00451 | In re: West Ridge, Inc., et al.
Faits sur la propriété
| Type de vente | Investissement | Individuellement en vente | 0 |
| Statut | Sous contrat | Taille totale du bâtiment | 180 128 pi² |
| Nombre de propriétés | 2 | Superficie totale du terrain | 12,10 AC |
| Type de vente | Investissement |
| Statut | Sous contrat |
| Nombre de propriétés | 2 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 180 128 pi² |
| Superficie totale du terrain | 12,10 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
| 3000 Swiss Pine Way, Morgantown, WV 26501 | Bureau | 43 263 pi² | 2019 | - |
| 16-96 Colliers Xing, Westover, WV 26501 | Commerce de détail | 136 865 pi² | 2022 | - |
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