An auction of the former Catholic Relief Services headquarters at 209 W. Fayette St. in Baltimore was canceled at the request of the mortgage holder, according to auctioneer Paul Cooper of Alex Cooper Auctioneers.
The auction, which had been scheduled for today, would have been a foreclosure sale on behalf of People's Bank of York, Pa. The building owner, an investment group called 209 West Fayette LLC, had negotiated a contract to lease about 56,000 square feet of space in the seven-story building for five years to the VA Maryland Health Care System, an affiliate of the U. S. Department of Veterans Affairs.
If the auction had taken place, VA representatives say, they could have deemed the lease null and void. The cancellation, they say, provides more time to explore options.
-- Edward Gunts