MORGANTOWN – A sale of assets has been proposed as part of the WestRidge reorganization efforts following the August 2025 filing of Chapter 11 bankruptcy.
Hilco Global has listed two properties for sale, a corporate office building and retail center, subject to the current reorganization proposal’s approval by the U.S. Bankruptcy Court for the Northern District of West Virginia.
The retail complex is the six-store shopping center on Colliers Crossing that includes Kohl’s, Home Goods, Shoe Carnival, PetSmart, Burlington and Ross.
The 136,865 square-foot shopping center is fully leased and generates just over $1.6 million annually in rent according to the bankruptcy sale listing.
The corporate office, located at 3000 Swiss Pine Way, is a 43,287 square-foot office building constructed in 2019. The Jackson Kelly law firm is the building’s anchor tenant and is currently in the second year of a 15-year lease. Annual rent generated by the building is listed at $633,404.
Both are located within the city of Westover.
“The opportunity to acquire institutional-quality assets with strong tenancy and immediate cash flow is increasingly difficult to find in today’s market,” Hilco Global Director Christian Koulichkov said in a company release. “These properties benefit from long-term leases, nationally recognized tenants and a strategic location within one of the region’s premier retail and commercial destinations.”
Ryan Lynch, on behalf of WestRidge, said the reorganization plan includes a refinancing component as well as the sale of certain assets. He said WestRidge and its affiliate debtors are seeking confirmation from the court and implementation by the end of July.
In addition to continued development, Lynch said the reorganization plan will allow WestRidge to honor its obligations to the $135 million reconfiguration of I-79 Exit 155. WestRidge and the Monongalia County Commission have agreed to cover 10% of the project cost locally.
“If confirmed, the plan is expected to provide funding for continued development at WestRidge, infrastructure-related obligations including the Exit 155 project, and ongoing operating and development expenditures. The Exit 155 project has remained on schedule during the Chapter 11 case, and development activity has continued, including construction of Dave & Buster’s and the planned June 26 opening of Panera Bread,” Lynch said in a statement to The Dominion Post.
The Monongalia County Commission said it is not aware of any potential impacts the proposed asset sale could have on the TIF district as a whole.
“The district remains in a strong financial position. Current revenues continue to exceed debt service requirements, and both the property tax increment and excise tax districts remain financially healthy,” the commission stated. “We will continue to monitor developments and evaluate any information as it becomes available.”
Hilco Global has posted a July 6 due date for purchase bids on the buildings.
