Hilco Global and Onyx Asset Advisors Launch Bankruptcy Sale of West Ridge Office and Retail Assets Near Morgantown
Hilco Real Estate Capital and Onyx Asset Advisors, LLC have set a July 6, 2026 bid deadline for the court-supervised bankruptcy sale of two recently constructed commercial properties located within the West Ridge development near Morgantown, West Virginia. The portfolio comprises a Class A office building and a fully occupied retail power center that together generate more than $2.28 million in annual rental income.
The sale is subject to approval by the U.S. Bankruptcy Court, District of Northern West Virginia, under Petition No. 25-bk-00451, In re: West Ridge, Inc., et al. Bids must be submitted no later than 5:00 p.m. ET on July 6.
The Properties: Office and Retail Along the I-79 Corridor
The two assets are situated along Interstate 79 within the West Ridge Commons commercial hub.
3000 Swiss Pine Way is a 43,287-square-foot Class A office building constructed in 2019. The building is partially leased to Jackson Kelly, a regional law firm, which is currently in the second year of a 15-year lease.
16-96 Colliers Crossing is a 136,865-square-foot, six-store retail center completed in 2022 and currently 100% leased. National tenants include Kohl's, HomeGoods, Ross, Burlington, Shoe Carnival and PetSmart.
Combined, the two properties total approximately 180,152 square feet of rentable area.
West Ridge Context: A Regional Commercial Hub Anchored by WVU
Both properties are located within West Ridge Commons, a commercial development surrounded by destination and big-box retailers including Academy Sports, Bass Pro Shops, Menards, Dave & Buster's, Panera Bread and Texas Roadhouse. The development benefits from direct interstate access and proximity to West Virginia University, which the announcement identifies as the region's largest employer and a significant driver of local economic activity.
Morgantown's broader commercial market is supported by a student population, healthcare professionals and regional residents. Nearby University Town Centre and The Gateway further contribute to the area's role as a retail destination serving North Central West Virginia and surrounding markets, according to the announcement.
Distressed Ownership, Stabilized Assets
The ownership entity, West Ridge, Inc., is in bankruptcy proceedings, while the underlying properties carry strong occupancy, recent construction and long-term national and regional tenancy.
No asking price, stalking-horse bid or cap rate guidance was disclosed in the announcement.
"The opportunity to acquire institutional-quality assets with strong tenancy and immediate cash flow is increasingly difficult to find in today's market," said Christian Koulichkov, director at Hilco Global. "These properties benefit from long-term leases, nationally recognized tenants and a strategic location within one of the region's premier retail and commercial destinations."
"The combination of stable tenancy, recent construction and strong regional fundamentals makes this a compelling investment opportunity for both private and institutional buyers," said Kevin Otus, managing partner of Onyx Asset Advisors. "The West Ridge corridor continues to attract retailers, employers and consumers, creating long-term demand for well-positioned commercial assets."
Sale Process and Contact Information
The marketing and sale process is being managed by the Hilco Global Real Estate Practice in conjunction with Onyx Asset Advisors, LLC. Prospective buyers can access due diligence materials and sale terms through HilcoRealEstateSales.com or by calling (855) 755-2300.
For property inquiries and on-site inspection requests, the announcement lists the following contacts: Christian Koulichkov at Hilco Global, reachable at (617) 335-3940 or ckoulichkov@hilcoglobal.com; Jamie Coté at Hilco Global, reachable at (847) 418-2187 or jcote@hilcoglobal.com; and Kevin Otus at Onyx Asset Advisors, reachable at (415) 799-3299 x101 or kotus@thinkonyx.com.
Hilco Global, a subsidiary of ORIX Corporation USA, is headquartered in Northbrook, Illinois, and operates with more than 810 professionals across four continents. Onyx Asset Advisors, LLC is an asset monetization and advisory firm specializing in strategies across real estate, inventory, brand and intellectual property, and machinery and equipment.