A building and undeveloped land in the Hollander 95 Business Park sold in two separate foreclosure auctions Tuesday for a total $7.45 million, said Paul Cooper of Alex Cooper Auctioneers, which sold the property for lender M&T Bank.

FRP Development Corp., a Sparks-based real estate development company, outbid several others to purchase the 82,000-square-foot warehouse, which is half-leased, for $4.35 million, Cooper said. The bank purchased eight undeveloped lots for $3.1 million, he said.

The business park in Northeast Baltimore broke ground in fall 2007 with plans to generate 462 jobs. Developers Hollander Rock LLC, which had bought the 51-acre site from the city for $4 million, had planned to build a warehouse, distribution and manufacturing center over three years. Only the warehouse was completed.

The developers defaulted on an $11.7 million construction loan from M&T. A foreclosure sale previously scheduled for March was cancelled after the companies that owned the project filed for bankruptcy protection. The court later cleared the way for the sale to proceed.