The receiver, G. Richard Gray, could not be reached for comment on Monday.
First Urban is named in the suit for three leases signed with Top Flight. SBCCS Constructors, which built the firm's plant on Memorial Boulevard, is named for two leases.
According to the suit, SBCCS and 1st Urban signed a lease in September 1995 for 56,850 square feet of space.
In October 1996, 1st Urban signed a lease for 30,650 square feet of additional warehouse space, according to the suit. The following April, 1st Urban signed a third lease for 43,750 square feet, the suit said.
There are an estimated 24 trailer loads of materials stored in the warehouses, according to the February receiver's report.
The total estimated value of the material is $51,000. A court order approved the sale of that material, but Top Flight has denied access to the warehouse, according to the receiver's report.
When it opened in October 1996, the 1st Urban Fiber plant was to produce dried pulp from waste paper. The pulp could be used to make colored paper and fine writing paper.
But the price for recycled pulp plummeted and the plant was forced to shut down. Forty employees were indefinitely laid off last April and 53 workers were dismissed in August.
Bondholders asked the court to appoint a receiver after the plant's owners missed a semiannual payment to the bondholders.