SHERIFF'S SALE
By virtue of a ...
SHERIFF'S SALE
By virtue of a ...
SHERIFF'S SALE
By virtue of a Writ of Execution No. 2023-21533 issued out of the Court of Common Pleas of
Montgomery County, PA., to me directed will be sold at a Public on-line auction conducted by
Bid4Assets, 8757 Georgia Ave., Suite 520, Silver Springs, Maryland 20910 on
Wednesday, March 27, 2024
At 1:00 p.m., prevailing time, by accessing the web address:
www.bid4assets.com/MontcoPASheriff
the following described Real Estate:
(See attached legal description)
Parcel No.: 58-00-06847-05-2
Location of Property: 1150 First Avenue, King of Prussia (also known as Upper Merion Township),
Montgomery County, Pennsylvania 19406
The improvements thereon are: C - OFFICE: MUL STORY 100000+ S.F.
Seized and taken in execution as the property of: PARKVIEW TOWER ASSOCIATES, L.P.
Real debt: $27,534,373.44, plus interest and costs to be added
And to be sold by Sheriff of Montgomery County.
Down money: Prospective bidder must complete the Bid4Assets on-line registration process to
participate in the auction. The highest bid shall be paid to them, on their website, as the purchase price for the property sold by the Sheriff's Office, Norristown, PA.
To all parties in interest and claimants: Notice is hereby given that a schedule of distribution will be filed by the Sheriff 30 days after the date of the Sale. Distribution will be made in accordance with the schedule unless exceptions are filed hereto within ten (10) days thereafter.
EXHIBIT "A"
[LEGAL DESCRIPTION]
ALL THAT CERTAIN TRACT or parcel of land SITUATE in the Township of Upper Merion, County of Montgomery, Commonwealth of Pennsylvania and being more particularly described as follows:
BEGINNING at a point in the Northerly line of First Avenue a.k.a. T-101 (60 feet wide, at this point) where the same is intersected by the line dividing the lands now or late of 1100 First Avenue LP (Tax map 58, Block 28, Unit 9) and Valley Forge Colonial Limited Partnership, herein described and from said beginning points runs; Thence, along said northerly line of First Avenue, ( 1) South 88 degrees, 40 minutes, 50 seconds West, 164.15 feet to a point in the same; Thence, extending through "Premises A, Portion of Parcel 2, Lot 6", (2) North 01 degrees 19 minutes 10 seconds West, 313.80 feet to a point; Thence, through the same and through "Premises A, Portion of Parcel 2, Lot 11", (3) South 88 degrees 40 minutes 50 seconds West 233.05 feet to a point, building comer of a 10 story masonry building; Thence, along the various face of walls of said building, the 13 courses as follows, (4) North 42 degrees 54 minutes 33 seconds West, 13.542 feet to a point; Thence, (5) South 47 degrees 05 minutes 27 seconds West, 4.667 feet to a point; Thence (6) North 42 degrees 54 minutes 33 seconds West, 36.00 feet to a point; Thence, (7) North 47 degrees 05 minutes 27 seconds East, 4.677 feet to a point; Thence (8) North 42 degrees 54 minutes 33 seconds West, 13.458 feet to a point on the curved face of wall of said building; Thence (9), on a curve to the left with a radius of 217.50 feet, Northwardly, an arc distance of 119.80 feet to a point; Thence, radial to said curve, (10) North 74 degrees 09 minutes 44 seconds West, 14.30 feet to a point on a curve; Thence (11) on a curve to the left with a radius of 203.20 feet, Northwardly, an arc distance of 49.14 feet to a point; Thence, radial to said curve, (12) South 88 degrees 01 minute 07 seconds East, 14.30 feet to a point on a curve; Thence Continuing along said face of wall and "Premises A, Parcel 1, Lot 5", on a curve to the left with a radius of 217.50 feet, (13) Northwardly, an arc distance of 120.40 feet to a point; Thence, still along said face of wall and along "Premises A, Parcel 1, Lot 5" the 8 courses as follows (14) North 60 degrees 35 minutes 27 seconds East, 13.459 feet to a point; Thence (15) North 29 degrees 24 minutes 33 seconds West, 4.667 feet to a point; Thence (16) North 60 degrees 35 minutes 27 seconds East 36.00 feet to a point; Thence, leaving the aforesaid face of wall of the 10 story masonry building (17) North 12 degrees 33 minutes 48 seconds West, 13.59 feet to a point comer to a loading dock; Thence, along loading dock, (18) North 16 degrees 30 minutes 45 seconds West 27.33 feet to a point on a building line; Thence, along said building line, (19) North 73 degrees 48 minutes 17 seconds East, 36.17 feet to a point; Thence, continue along said building line, (20) North 16 degrees 09 minutes 22 seconds West, 19.64 feet to a point on the aforesaid face of wall; Thence, through the aforesaid "Premises A, Portion of Parcel 2, Lot 6", (21) North 73 degrees 36 minutes 00 seconds East, 119.96 feet to a point; Thence, continue through the same, (22) North 76 degrees 44 minutes 00 seconds East, 218.11 feet to a point in
the westerly line of the aforementioned lands of 1100 First Avenue Associates, LP; Thence, along the same, (23) South 01 degree 19 minutes 10 seconds East, 799.69 feet to the point and place of BEGINNING.
PARCEL NO. 58-00-06847-05-2
BEING the same premises which 1100 First Avenue Associates, L.P., a Pennsylvania limited partnership, by Deed dated 03-22-11 and recorded 03-24-11 in the Office of the Recorder of Deeds in and for the County of Montgomery in Deed Book 5796 Page 775, granted and conveyed unto Parkview Tower Associates, L.P., a Pennsylvania limited partnership. Together with the beneficial easements and parking rights as contained in Declaration of Protective Covenants as in Deed Book 293 3 Page 513 and Supplemental thereto as set forth in Deed Book 3135 Page 439 and variance thereto as set forth in Deed Book 3829 Page 328, Declaration and Grant Easements as set forth in Deed Book 4608 Page 68, First Amendment thereto as set forth in Deed Book 4726 Page 1397, Supplemental Easement Agreement set forth in Deed Book 5213 Page 424, Acknowledgement of Termination of Ground of Lease and 2nd Amendment to Supplemental Easement Agreement as set forth in Deed Book 5365 Page 715, and Declaration of Easements as set forth in Deed Book 5675 Page 490. FOR INFORMATIONAL PURPOSES ONLY: The address of the foregoing property is commonly known as 1150 First Avenue, King of Prussia (also known as Upper Merion Township), Montgomery County, Pennsylvania 19406.
Ref# 155024
SHERIFF'S SALE
By virtue of a Writ of Execution No. 2023-21533 issued out of the Court of Common Pleas of
Montgomery County, PA., to me directed will be sold at a Public on-line auction conducted by
Bid4Assets, 8757 Georgia Ave., Suite 520, Silver Springs, Maryland 20910 on
Wednesday, March 27, 2024
At 1:00 p.m., prevailing time, by accessing the web address:
www.bid4assets.com/MontcoPASheriff
the following described Real Estate:
(See attached legal description)
Parcel No.: 58-00-06847-05-2
Location of Property: 1150 First Avenue, King of Prussia (also known as Upper Merion Township),
Montgomery County, Pennsylvania 19406
The improvements thereon are: C - OFFICE: MUL STORY 100000+ S.F.
Seized and taken in execution as the property of: PARKVIEW TOWER ASSOCIATES, L.P.
Real debt: $27,534,373.44, plus interest and costs to be added
And to be sold by Sheriff of Montgomery County.
Down money: Prospective bidder must complete the Bid4Assets on-line registration process to
participate in the auction. The highest bid shall be paid to them, on their website, as the purchase price for the property sold by the Sheriff's Office, Norristown, PA.
To all parties in interest and claimants: Notice is hereby given that a schedule of distribution will be filed by the Sheriff 30 days after the date of the Sale. Distribution will be made in accordance with the schedule unless exceptions are filed hereto within ten (10) days thereafter.
EXHIBIT "A"
[LEGAL DESCRIPTION]
ALL THAT CERTAIN TRACT or parcel of land SITUATE in the Township of Upper Merion, County of Montgomery, Commonwealth of Pennsylvania and being more particularly described as follows:
BEGINNING at a point in the Northerly line of First Avenue a.k.a. T-101 (60 feet wide, at this point) where the same is intersected by the line dividing the lands now or late of 1100 First Avenue LP (Tax map 58, Block 28, Unit 9) and Valley Forge Colonial Limited Partnership, herein described and from said beginning points runs; Thence, along said northerly line of First Avenue, ( 1) South 88 degrees, 40 minutes, 50 seconds West, 164.15 feet to a point in the same; Thence, extending through "Premises A, Portion of Parcel 2, Lot 6", (2) North 01 degrees 19 minutes 10 seconds West, 313.80 feet to a point; Thence, through the same and through "Premises A, Portion of Parcel 2, Lot 11", (3) South 88 degrees 40 minutes 50 seconds West 233.05 feet to a point, building comer of a 10 story masonry building; Thence, along the various face of walls of said building, the 13 courses as follows, (4) North 42 degrees 54 minutes 33 seconds West, 13.542 feet to a point; Thence, (5) South 47 degrees 05 minutes 27 seconds West, 4.667 feet to a point; Thence (6) North 42 degrees 54 minutes 33 seconds West, 36.00 feet to a point; Thence, (7) North 47 degrees 05 minutes 27 seconds East, 4.677 feet to a point; Thence (8) North 42 degrees 54 minutes 33 seconds West, 13.458 feet to a point on the curved face of wall of said building; Thence (9), on a curve to the left with a radius of 217.50 feet, Northwardly, an arc distance of 119.80 feet to a point; Thence, radial to said curve, (10) North 74 degrees 09 minutes 44 seconds West, 14.30 feet to a point on a curve; Thence (11) on a curve to the left with a radius of 203.20 feet, Northwardly, an arc distance of 49.14 feet to a point; Thence, radial to said curve, (12) South 88 degrees 01 minute 07 seconds East, 14.30 feet to a point on a curve; Thence Continuing along said face of wall and "Premises A, Parcel 1, Lot 5", on a curve to the left with a radius of 217.50 feet, (13) Northwardly, an arc distance of 120.40 feet to a point; Thence, still along said face of wall and along "Premises A, Parcel 1, Lot 5" the 8 courses as follows (14) North 60 degrees 35 minutes 27 seconds East, 13.459 feet to a point; Thence (15) North 29 degrees 24 minutes 33 seconds West, 4.667 feet to a point; Thence (16) North 60 degrees 35 minutes 27 seconds East 36.00 feet to a point; Thence, leaving the aforesaid face of wall of the 10 story masonry building (17) North 12 degrees 33 minutes 48 seconds West, 13.59 feet to a point comer to a loading dock; Thence, along loading dock, (18) North 16 degrees 30 minutes 45 seconds West 27.33 feet to a point on a building line; Thence, along said building line, (19) North 73 degrees 48 minutes 17 seconds East, 36.17 feet to a point; Thence, continue along said building line, (20) North 16 degrees 09 minutes 22 seconds West, 19.64 feet to a point on the aforesaid face of wall; Thence, through the aforesaid "Premises A, Portion of Parcel 2, Lot 6", (21) North 73 degrees 36 minutes 00 seconds East, 119.96 feet to a point; Thence, continue through the same, (22) North 76 degrees 44 minutes 00 seconds East, 218.11 feet to a point in
the westerly line of the aforementioned lands of 1100 First Avenue Associates, LP; Thence, along the same, (23) South 01 degree 19 minutes 10 seconds East, 799.69 feet to the point and place of BEGINNING.
PARCEL NO. 58-00-06847-05-2
BEING the same premises which 1100 First Avenue Associates, L.P., a Pennsylvania limited partnership, by Deed dated 03-22-11 and recorded 03-24-11 in the Office of the Recorder of Deeds in and for the County of Montgomery in Deed Book 5796 Page 775, granted and conveyed unto Parkview Tower Associates, L.P., a Pennsylvania limited partnership. Together with the beneficial easements and parking rights as contained in Declaration of Protective Covenants as in Deed Book 293 3 Page 513 and Supplemental thereto as set forth in Deed Book 3135 Page 439 and variance thereto as set forth in Deed Book 3829 Page 328, Declaration and Grant Easements as set forth in Deed Book 4608 Page 68, First Amendment thereto as set forth in Deed Book 4726 Page 1397, Supplemental Easement Agreement set forth in Deed Book 5213 Page 424, Acknowledgement of Termination of Ground of Lease and 2nd Amendment to Supplemental Easement Agreement as set forth in Deed Book 5365 Page 715, and Declaration of Easements as set forth in Deed Book 5675 Page 490. FOR INFORMATIONAL PURPOSES ONLY: The address of the foregoing property is commonly known as 1150 First Avenue, King of Prussia (also known as Upper Merion Township), Montgomery County, Pennsylvania 19406.
Ref# 155024
Posted Online 4 weeks ago