NORTHBROOK, Ill., Aug. 12, 2015 (GLOBE NEWSWIRE) -- Hilco Real Estate, LLC today announced the online auction date of August 28, 2015 for a portfolio of real estate assets owned by Green Bay-based Associated Bank. The sale includes a total of six assets, ranging from former bank branches to well-located development sites throughout Wisconsin.
Among the six assets being sold are a number of marquee properties, including an 8,400 square foot former bank building with two drive-thru lanes located near the heart of downtown Burlington and a prime 1-acre commercial parcel within the I-43 Business Park set just off the interstate in Green Bay. A complete list of the six properties within this offering, including general descriptions and due diligence information is available for viewing at:
http://www.hilcorealestate.com
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 (CT) on August 28, 2015.
Commenting on the portfolio of properties being sold, Joel Schneider, Senior 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. Schneider 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 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.
HILCO REAL ESTATE ANNOUNCES A BID DEADLINE OF AUGUST 28, 2015 FOR SURPLUS PROPERTIES IN BANK-DIRECTED SALE
Six Office, Retail and Land Sites Located throughout Wisconsin to be Sold
| Source: Hilco Global