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Napa shopping center foreclosure postponed

Napa shopping center foreclosure postponed

Marshalls/HomeGoods opens in Napa

A scene from the 2014 opening of Marshalls in Napa Crossing South on Soscol Avenue. The planned foreclosure sale of the surrounding shopping center, Napa Crossing South, was postponed Friday. Tenants are not directly involved.

The auction of a Soscol Avenue shopping center facing a $37.3 million foreclosure has been postponed one week – to Oct. 11, said a title company employee on Friday. The auction was originally scheduled for Friday, Oct. 4. 

Napa Crossing South, home to anchor tenants Marshalls, HomeGoods and Michaels is located at 300 to 312 Soscol Ave. in Napa. 

On Sept. 11, lender Loancore Capital Credit REIT filed foreclosure proceedings against the owner, Napa Crossing South II.

The south Napa shopping center is now scheduled to be auctioned off outside the Napa County Courthouse, located at 1111 Third St., on Friday, Oct. 11 at 1:30 p.m. The center's tenants are not directly involved.

Napa Crossing North and South were both developed by Pacific Properties of Chico. The company also developed Napa Crossing north on Trancas Street.

A spokesperson with Pacific Properties Group could not be immediately reached on Friday for a comment.

Napa Crossing South opened in 2014.

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Business Editor

Jennifer Huffman is the business editor and a general assignment reporter for the Napa Valley Register. I cover a wide variety of topics for the newspaper. I've been with the Register since 2005.

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