LFC to Auction Remaining Icon of Adelphia Communications Empire

Adelphia Communications’ former corporate headquarters is a first class office space built at the height of their scandal-ridden bankruptcy and ensuing legal difficulties. The stunning 72,056 square foot, three-floor office building with fully-finished basement on Coudersport’s main street serves as a reminder of Adelphia’s impact on the local economy and the state of Pennsylvania. The three year old corporate pad is just off Route 6 connecting Coudersport to Eastern and Western Pennsylvania and can house an estimated 2,000 employees with total internet connectivity.

LFC Online, the leader in online real estate auctions, in conjunction with the Grubb & Ellis Company, has been selected by Adelphia to sell this former headquarters building in a “must sell” auction marketing campaign. The winning bidder could own this center of operations at a fraction of its estimated $30 million value. In a previous online auction, LFC sold over 70 properties for Adelphia scattered throughout the United States. Some bidders walked away with a one thousand dollar steal!

With LFC Online’s transparent auction process, targeted marketing technology, knowledgeable auction managers and proprietary state-of-the-art auction innovation, LFC has established a footprint in the online auction industry.

“In the coming years the real estate market is expected to see a big increase in auction inventory due to corporate liquidations, bankruptcy sales and foreclosures. LFC is on the forefront of this phenomenon. The LFC online program offers our sellers and buyers a transparent, honest and highly efficient way to sell and purchase real estate anywhere in the world,” comments William Lange, President of the LFC Group of Companies.

Please visit www.lfc.com/695R1 for more information about this 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.