Willits developer avoids foreclosure of office

Posted by puguh on Friday, February 11, 2011

Willits developer avoids foreclosure of office. A Chicago-based company that once was the developer of the Willits Town Center project in Basalt has reached an agreement with a lender to avoid foreclosure of its local office, representatives of both parties said Wednesday.

Triangle Park Retail Holdings LLC, a company affiliated with Joseph Freed & Associates (JFA), faced the risk of getting booted out of its office in a corner space at Willits Town Center for allegedly defaulting on a loan from Alpine Bank. Now it appears it will remain in the office and showroom.

Source: http://www.denverpost.com

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