McKINNEY, TX-The former headquarters and distribution center of Blockbuster, Inc. was sold at a foreclosure auction last week for $19.7 million.
Last year, the former video rental leader moved its corporate offices to the McKinney distribution center from downtown Dallas after Dish Network Corp. acquired the company from bankruptcy, according to a report by the Dallas Business Journal.
Later Blockbuster left Texas to join Dish in Colorado, and there was some expectation that a new tenant might be lured to the facility.
The Collin County Appraisal District last valued the property at $22.5 million. The lender, AGV Realty Partners of California, bought the property at the April foreclosure auction the Journal said.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
