#United States #West Virginia University #Morgantown #Hilco Global #Onyx Asset Advisors

Hilco Global and Onyx Asset Advisors Announce Bankruptcy Sale

In a major announcement, Hilco Global's Real Estate Practice, in partnership with Onyx Asset Advisors, is set to conduct the bankruptcy sale of two highly coveted commercial properties located near Morgantown, West Virginia. The properties designated for sale include a Class A office building and a fully leased retail shopping center, both generating significant rental income. The deadline for bid submissions is scheduled for July 6, 2026.

Overview of Properties

The properties are strategically situated within the vibrant West Ridge Development commercial hub, positioned right along I-79. The office building, located at 3000 Swiss Pine Way, spans approximately 43,287 square feet and is home to multiple tenants, including Jackson Kelly, a leading law firm with an active 15-year lease. Meanwhile, the retail center at 16-96 Colliers Crossing, completed in 2022, measures 136,865 square feet and is fully occupied by nationally recognized retailers such as Kohl's, HomeGoods, Ross, Burlington, Shoe Carnival, and PetSmart.

Combined, these properties generate more than $2.28 million in annual rental income, making them attractive opportunities for investors looking for assets with stable cash flow. Christian Koulichkov, director at Hilco Global, emphasized the unique potential for buyers, noting that finding institutional-quality assets with solid tenancy amid today’s real estate market is increasingly challenging.

Advantages of the Properties

Both commercial properties are not just about their physical structure but also their strategic location. They are nestled within a bustling commercial environment, surrounded by well-known businesses such as Academy Sports, Bass Pro Shops, Menards, Dave & Buster's, Panera Bread, and Texas Roadhouse. Their proximity to West Virginia University, the area’s largest employer, provides a continuous influx of consumer traffic.

The retail center stands out as a 100% leased venue that capitalizes on the strong demographics from the student population and regional residents contributing to a vibrant economic ecosystem. Together with the nearby University Town Centre and The Gateway, the West Ridge corridor becomes an epicenter for retail and consumer activity in North Central West Virginia, illustrating a robust year-round market.

The Economic Landscape

Morgantown’s economic landscape has been bolstered by a rising population comprising students and healthcare professionals, which ensures consistent consumer spending. This ongoing commercial activity, paired with the nearby education and healthcare sectors, creates an environment ripe for investment. The area's focus on retail development continues to thrive, attracting both local and national tenants eager to serve the community.

Kevin Otus, managing partner of Onyx Asset Advisors, noted the compelling nature of this investment opportunity, praising the properties for their combination of recent construction, reliable tenancy, and favorable regional factors that sustain demand for well-positioned commercial assets.

Bidding Details and Conclusion

This bankruptcy sale is currently awaiting approval from the U.S. Bankruptcy Court, District of Northern West Virginia, under Petitioner No. 25-bk-00451 relevant to West Ridge, Inc., et al. Interested parties are advised to submit bids no later than 5:00 PM (ET) on July 6, 2026. Those seeking more information about the properties, sale terms, or access to due diligence documents can visit HilcoRealEstateSales.com or contact Hilco Global directly.

Contact for Inquiries

For in-depth information regarding this sale, potential buyers are encouraged to reach out to:

• - Christian Koulichkov: (617) 335-3940, [email protected]
• - Jamie Coté: (847) 418-2187, [email protected]
• - Kevin Otus: (415) 799-3299 x101, [email protected]

Hilco Global and Onyx Asset Advisors together provide a robust framework for navigating the complexities of real estate transactions, cementing their position as leaders in asset monetization in the current competitive landscape.