IN THE UNITED STATES DISTRICT ...
Source Summary
IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF PENNSYLVANIA Case No.: 2:23-cv-00146-NIQA WELLS FARGO BANK, NATIONAL ASSOCIATION, AS TRUSTEE, FOR THE BENEFIT OF REGISTERED HOLDERS OF J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2020-MKST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2020-MKST, THE RR INTEREST OWNER AND THE FUTURE ADVANCE LENDER, Plaintiff, vs NG 1500 MARKET ST. LLC, Defendant. NOTICE OF PRIVATE SALE OF REAL AND PERSONAL PROPERTY PLEASE TAKE NOTICE THAT the court-appointed receiver CBRE, Inc. ("Receiver") has entered into an agreement for the private sale of real and personal property located at 1500 Market Street, Philadelphia, Pennsylvania 19102 (collectively, the "Property"). All competing bids are due by August 10, 2026. Anyone wishing to submit a competing bid for the Property must submit a written bid in an amount of not less than $77,000,000.00. All competing bids must be submitted to the Receiver's counsel: Buchanan Ingersoll & Rooney PC, Attn: Chris Schueller, Two Liberty Place, 50 S. 16th Street, Ste. 3200, Philadelphia, PA 19102, [email protected]. The Receiver reserves the right to accept or reject any competing bid. PLEASE TAKE FURTHER NOTICE THAT the Receiver will appear on August 12, 2026 at 1:00 p.m. before the Honorable Judge Nitza I. Quinones Alejandro, in the United States District Court for the Eastern District of Pennsylvania, located at 601 Market Street, Courtroom 8-B, Philadelphia, Pennsylvania 19106, and will seek confirmation of the private sale of the Property. Dated: July 31, 2026. BUCHANAN INGERSOLL & ROONEY PC By: /s/ Christopher P. Schueller Christopher P. Schueller Two Liberty Place 50 S. 16th Street, Ste. 3200 Philadelphia, PA 19102 Tel: (215) 665-8700 Attorneys for the Receiver Ref# 210307