Sharon Road Properties Auction

On July 19, 2018 the Trustee held an auction of Sharon Road Properties, LLC’s (“SRP”) 32.55% interest in Bissell Porter Siskey, LLC (the “BPS Interest”).   Bissell Porter Siskey, LLC owns a commercial building located at 4521 Sharon Road, Charlotte, NC.   The highest bidder for the BPS Interest was Bissell Porter Four, LLC which bid $3,300,000.   The next highest bidder was Klj Properties, L.L.C which bid $3,150,000.   The closing of the sale is to occur after the entry of a written order approving the sale becomes a final order.   Distribution of the auction proceeds to equity holders of SRP cannot occur until the claims of Stone Street Partners, LLC f/k/a Siskey Capital, LLC, Dawn E. King and Paul G. Porter in the SRP Bankruptcy case are resolved.

 

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