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Business Insider

Lindley Estes is a business writer for The Free Lance-Star and This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

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Foreclosure auction scheduled on Cosner’s Corner building

A foreclosure auction is scheduled March 28 on a multi-tenant retail building in Spotsylvania County’s Cosner’s Corner shopping center, according to a legal ad in Thursday’s Free Lance-Star.

Global K Inc. owns the building at 10141-10159 Jefferson Davis Highway that is scheduled for auction. Five Guys is among the tenants. The sale of the real estate wouldn’t affect the businesses located there.

The auction had been scheduled for December, but Global K’s last-minute bankruptcy filing called if off. Global K’s mailing address is out of Rockville, Md.

The auction is scheduled for 11 a.m. March 28 in front of Spotsylvania Circuit Court. Sang K. Park, an Annandale attorney, is serving as substitute trustee. Woori America Bank is the lender.