Bidders Last Chance to Purchase the Remaining Icon of Adelphias Empire

. September 21, 2007

Auctionpublicity.com – With less than 30 days until the bid deadline, prospective buyers are racing to take advantage of the opportunity to purchase Adelphia Communications’ former corporate headquarters at just a fraction of its estimated value.

LFC Online, in conjunction with the Grubb & Ellis Company, has been selected by Adelphia to sell their former headquarters building, along with several other properties around the country, in a “must sell,” accelerated online auction marketing campaign. In a previous online auction for Adelphia, LFC successfully sold over 60 properties located in 17 states throughout the United States.

Built in 2002, this striking 72,000-square-foot, three-story office building is complete with a fully-finished basement and 80,000 square feet of paved parking space. Its polished granite exterior is complimented by bronzed windows, a stunning concrete and granite stairway with decorative wrought iron railings and two massive granite pillars inviting guests to experience the corporate opulence within. At night, wall-wash and ground-recessed lighting illuminate the ornate exterior brickwork. The interior of the building boasts brass, bronze, granite, maple wood and parquet flooring and custom woodwork, including raised panel doors and wainscot, throughout. Just off of Route 6 connecting Coudersport to eastern and western Pennsylvania, the state of the art building is fully-networked to house over 275 employees. The surrounding community offers a ready supply of top notch human capital to meet staffing needs for any company looking to extend and strengthen their business involvement in Pennsylvania.

“The auction has drawn interest from a wide spectrum of prospective buyers, including a strong international response,” states Bill Lange, President of the LFC Group of Companies. “Investors, entrepreneurs and even local universities and colleges have already registered for this online auction.”

With the bid deadline of October 11, 2007 just around the corner, potential buyers are urged to visit www.LFC.com/695R3 and register to bid in this “must sell” auction.

LFC Group of Companies For over 30 years, the LFC Group of Companies has served numerous Fortune 500 companies, real estate developers, investors, financial institutions and government agencies by auction marketing thousands of commercial, industrial, land and residential properties with an aggregate value well in excess of $2 billion. www.LFC.com

Grubb & Ellis Company (NYSE: GBE) Grubb & Ellis Company is one of the world’s leading full-service commercial real estate organizations, providing a complete range of transaction, management and consulting services. By leveraging local expertise with their global reach, Grubb & Ellis offers innovative, customized solutions and seamless service to owners, corporate occupants and investors throughout the globe. For more information, visit the Company’s Web site at www.grubb-ellis.com

Adelphia Communications Corporation The Effective Date of the Plan occurred on February 13, 2007. Adelphia Communications Corporation continues under the management of Quest Turnaround Advisors, LLC, its Plan Administrator, to liquidate its assets and administer its plan of reorganization. Prior to the sale of substantially all of the consolidated assets of Adelphia Communications Corporation and its subsidiaries to Time Warner NY Cable LLC and Comcast Corporation on July 31, 2006, Adelphia Communications Corporation was the fifth largest cable television company in the country. It served customers in 31 states and offered analog and digital video services, high-speed Internet access and other advanced services over its broadband networks.

Category: Auction News

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