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Former Teletron Building Sold in US Bankruptcy Court

Lake Erie Christian Fellowship church bought the former Teletron building in US Bankruptcy court today.
August 28, 2104 - The former Telatron property on West 38th Street in Erie has a new owner after it was sold today in federal bankruptcy court.

Lake Erie Christian Fellowship church bought the former Teletron building in US Bankruptcy court today.

It cost them $670,000.

After sitting vacant for five years, the former Teletron building is getting a new lease on life.

The 200 member church plans on moving one mile down the street from it's current location at 2319 West 38th Street in the former Hills Plaza to the former Teletron building.

The owners of the Teletron building, Alfred and Joyce Covatto, filed for bankruptcy in 2008.

The sale of the buildings today was approved by US Bankruptcy Judge Thomas Agresti.

The church plans on moving into the new building on January 1, 2015 with expanded programs, including a veterans program, a day care center and free music lessons.

The eastern most building of the former Teletron buildings sold to Schaffner, Knight and Minnaugh for $735,000.

Today's sale started at $670,000 and no one else bid on the property.

The two tenants at the current location, Judge Dominick DiPaolo and Forte Marketing, will both continue to rent office space.
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