Helicopter Technologies Building Might Be Sold; Town Considers Filing Emergency Foreclosure

July 8, 2008


The owner of Helicopter Technologies tells the mayor of Century the company’s building will be sold by Friday, and the town council has voted to file emergency foreclosure against the company in the event the sale does not take place.

“Helicopter Technologies is, from all indications, gone (from Century),” Mayor Freddie McCall told the town council Monday night. He said he received a call from an attorney in Pensacola indicating that a Pensacola company was buying the building and that the sale should be finalized by Friday.

The council approved the mayor’s request to file “emergency foreclosure if anything goes wrong with this deal”.  The $420,000 mortgage on the building that Helicopter Technologies is selling in the Century Industrial Park is financed by the Town of Century.

McCall identified the potential buyer as “Shellco of Pensacola”. The Florida Department of State Division of Corporations does list a Shellco of Pensacola, Inc. on Fowler Avenue. That company was incorporated in 1997. The nature of the company’s business was not immediately known Monday night.

The mayor described the company as an investment company that is working on a deal with an electric car manufacturing company.

“Why are we allowing somebody else to buy the property,” Council member Henry Hawkins asked. “If we lease it, we have more control over what goes in and out.”

The building was sold to Georges Van Nevel and Helicopter Technologies in 2001. The mayor told Hawkins that if the town should foreclose on the property, the town would still not be getting the building back.

“If we foreclose we would not get the building back,” McCall responded. “We would be forcing an auction.”

It appears that many of the contents of the Helicopter Technologies building are also for sale. Listings on pensacola.craiglist.com that were posted Monday morning indicate that the company is having a “Office Equipment and Furniture Sale” and a “Huge Tool and Equipment Sale” this week. (Click the blue links to see the Craigslist listings.)

NorthEscambia.com was unable to reach Van Nevel Monday night for comment. The mayor said that Van Nevel was currently in France.

Pictured above: Georges Van Nevel inside the Helicopter Technologies building in Century’s Industrial Park. NorthEscambia.com file photo, click to enlarge.

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Written by William Reynolds · Filed Under News