Two auctions were held Monday in connection with developer Paul McKee’s McEagle Properties, LLC.
In the first auction, held by Triad Bank, McKee appeared to pay off McEagle’s remaining debt to the bank. A company connected to McKee paid Triad $748,000 for McEagle’s assets.
"We are pleased to announce that M Property Services, LLC was the successful bidder for substantially all the assets of McEagle Properties, LLC," said McKee spokesman Jim Gradl in an emailed statement. "M Property Services, LLC is a new entity affiliated with the McKee family."