Barclay property sold at auction

[Guest]

The Township Committee adopted a resolution Aug. 23 assigning the contract of sale to West Orange Baby, LLC.

The $2.1 million sale of the Barclay North and South properties is final.

The Township Committee adopted a resolution Aug. 23 assigning the contract of sale to West Orange Baby, LLC.

Township Administrator Christine Smeltzer said Tuesday that the sale officially closed Aug. 24 and the township received a check for $2.1 million.

West Orange Baby has changed its name from Apples & Oranges Inc. since beating out 15 other bidders, including the next highest bid of $2.05 million, for the property at a June 15 auction. The company is owned by agricultural investor Leslie L. Alexander.

Max Spann, president of Max Spann Auctioneers, conducted the June auction and said at the time that he believed Mr. Alexander planned to lease the land to local farmers.

Committee member Pari Stave said Thursday she was pleased that the sale had been finalized.

"It's a great relief," she said. "The sale has been held up in litigation for far too long. We've wanted to use the proceeds to pay down some of our debt."

read more