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After a court battle prompted by lawsuits from a general contractor and lender, American Real Estate Partners beat out Hourigan and received approval last week for its $16.5 million to purchase the stalled manufacturing facility.
Hourigan's pre-auction offer adds to the lone bid that was received from a Fairfax-based REIT that once owned the Riverside on the James office and condo tower in downtown Richmond.
A mystery bidder made the eight-figure offer for partially built Cartograf plant in Meadowville Technology Park, though a judge must first approve the sale as part of a legal dispute with a lender and contractor.