SOUTH BEND, Ind. -- The tallest building in South Bend has been sold out of foreclosure at a sheriff's sale for $4.5 million.
The South Bend Tribune reports (http://bit.ly/1hJmU5R ) Washington Square Realty bought the 25-story Chase Tower on Thursday. The downtown building houses a hotel and offices. It had been in receivership since February 2011.
An attorney who represents court-appointed receiver Ken Castrop says a motion will be filed in the next couple of days to end the receivership. Huntington, N.Y.-based Washington Square bought the bank note for Chase Tower a year ago.
The building went to the St. Joseph County sheriff's sale after a developer's plan to buy and overhaul the building fell through.
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