Hilco Real Estate Announces a Bid Deadline of August 15, 2014 for Reo Properties in Bank Directed Sale

22 Commercial, Office, Industrial, Hospitality, Residential and Land Properties in 11 States to be Sold

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| Source: Hilco Global

NORTHBROOK, Ill., Aug. 1, 2014 (GLOBE NEWSWIRE) -- Hilco Real Estate, LLC today announced the online auction date of August 15, 2014 for a portfolio of bank-owned real estate assets. A total of 22 assets, ranging from office and industrial facilities to prime development land, located throughout California, Georgia, Illinois, Indiana, Maryland, New Jersey, Oklahoma, South Carolina, Texas, Virginia and Wisconsin are included in this offering.

Among the 22 assets being sold are a number of marquee properties, including a 110-room, 66,000 SF former Motel 6 located immediately off interstate 20 in Decatur, Georgia, a pair of functional office buildings located minutes from O'Hare International Airport in Des Plaines, Illinois, and a prime 30-acre industrial development site just 30 minutes from Washington D. C. A complete list of the 22 properties within the portfolio, including general descriptions and due diligence information is available for viewing at:

http://www.hilcoreal.com/properties/bank-directed-sale-21-reo-properties-2/
 
The format and structure of the sale allows for the properties to be purchased individually or in any combination. The online auction is scheduled to begin at 9:00 am CDT on August 15, 2014.  

Commenting on the portfolio of properties being sold, Jeff Azuse, Vice President of Hilco Real Estate, said, "The assets in this portfolio offer a number of use and location-related attributes that will be very attractive to a wide variety of potential buyers.  As such, we expect this sale to attract active interest from a broad spectrum of real estate investors, developers and end users."  

Mr. Azuse added, "Virtually all sites are ideal for development or reuse.  The auction represents a tremendous opportunity with many of the sites being located close to interstate highways, rail lines, and major state routes."

For more information about bid qualifications and further details about the properties available, please visit www.HilcoRealEstate.com or contact a member of our transactional team at 855-755-2300.

About Hilco Real Estate, LLC: 

Hilco Real Estate, LLC ("HRE"), a Hilco Global company, is headquartered in Northbrook, Illinois (USA).  HRE is a national provider of strategic real estate disposition services.  Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the 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 transactions.
 

Gary Epstein
Hilco Global
Office: 847-418-2712
Mobile: 847-323-4943
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