Published July 07, 2008 01:38 am - From sports complex to warehouse – Born2Run took a quick turn after being sold on the auction block Wednesday afternoon.
After sitting idle for four years, the Springfield Township site was bought for $1.65 million in about 10 minutes by Curt Hovis on behalf of him and his brother, Cliff Hovis Jr.
Failed Born2Run sports complex auctioned; will become auto-parts warehouse
By Felicia A. Petro
Allied News Staff Writer
SPRINGFIELD TOWNSHIP
—
From sports complex to warehouse – Born2Run took a quick turn after being sold on the auction block Wednesday afternoon.
After sitting idle for four years, the Springfield Township site was bought for $1.65 million in about 10 minutes by Curt Hovis on behalf of him and his brother, Cliff Hovis Jr.
The brothers co-own Hovis Auto & Truck Supply, which has 12 locations from Erie to Pittsburgh and Hermitage to DuBois, including Grove City.
“We felt it was a good value for our business,” said Curt, a Clintonville resident.
“We’ve been looking at it for some time, but eyeing it for at least six months,” added Cliff Jr., a Grove City man.
His brother only bid as high as the complex’s market value for purchase.
“A live auction is the best opportunity for that,” Curt added, especially since the unique building – which was in a niche market – gave it some limitations.
The building won’t be limited for Hovis Auto, however.
“We outgrew our warehouses in Erie and New Castle. We’re looking to expand into Pittsburgh,” Cliff Jr. said. “This is a very central location. Our stores follow the [Interstate] 80 and 79 corridors.”
The Springfield warehouse will house auto and heavy truck parts. The company also sells paint and autobody supplies.
“We’re running about 170 vehicles every day delivering auto parts and truck parts,” Cliff Jr. said. The Springfield site will also include a shop to sell parts.
A crowd of 60-plus spectators and interested parties attended the auction.
Besides Curt Hovis, an unknown bidder pitched the low bid of $1.5 million on the complex.
“I would have liked for it to sell for more, but when you get into this caliber of buyers, the market is narrow (for sports complexes),” said the auctioneer, Kevin Teets, general manager with Joe R. Pyle auctioneers, Mount Morris, Pa.
“There’s some here who felt they could get this for $500,000 or $1 million tops,” he added.