Hilco Real Estate Sets April 17 Absolute Auction Date for 19,000 SF Building on 1.84 Acres in Bridgeport, Texas

NORTHBROOK, Ill., March 19, 2014 (GLOBE NEWSWIRE) -- Hilco Real Estate, LLC (www.HilcoReal.com) announces the absolute auction sale of a former nursing home facility in Bridgewater, TX, located 45 miles northwest of Ft. Worth, TX. The live auction event will be held at the property on April 17, 2014.

This property offers outstanding redevelopment opportunities for use as a multi-family residential development, a community center or not-for-profit outreach facility.   The offering is further benefited by flexible R1 non-confirming zoning and a progressive local government.  Today, Bridgeport is a dynamic and growing city of over 6,000 located within close proximity to the Dallas-Fort Worth Metroplex.  Bridgeport is ideally situated at the intersection of US 380 and SH 114 just east of Lake Bridgeport.  The city offers flourishing industries, forward-thinking community leadership, a unique historic downtown shopping district, several restaurants and numerous outdoor activities.

The live auction event will be held on April 17 at the property, 102 West Cates Street, Bridgeport, TX  76426.  Registration will start at 12 pm (noon) and the auction will commence at 1 pm.

Interested buyers can view the property by attending one of our on-site inspections scheduled on Friday, April 11th at 10:00 a.m. and on Thursday, April 17 at 10:00 a.m.

Detailed due diligence material is available for the property in our virtual data room. The data room contains property specific information, an explanation of the auction process and the Terms of Sale. Reviewing the due diligence material is a requirement in order to bid. Please contact the Project Manager at (847) 418-2700 to request access.

For more information about bid qualifications and further details about this property or other upcoming auctions, please contact the Project Manager at (847) 418-2700 or visit www.HilcoReal.com.

About Hilco Real Estate:  Hilco Real Estate, ("HRE") a unit of Hilco Global, is headquartered in Northbrook, Illinois (USA).  HRE is a national provider of accelerated real estate disposition services.  Acting as an agent or principal, HRE uses its expertise to advise and implement strategies to assist clients with both healthy and distressed assets in deriving maximum value from their real estate assets.  By leveraging multi-faceted sales strategies & techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations even in the most complex deals.