NORTHBROOK, Ill., Aug. 17, 2015 (GLOBE NEWSWIRE) -- Hilco Real Estate, LLC today announced the auction date of September 30, 2015 for a portfolio of surplus real estate assets owned by C &K Market, Inc., a grocery store owner/operator in the pacific northwest doing business as Ray's Food Places, Shop Smart, and C & K Market. A total of eight assets, ranging from an office building, a shopping center, prime development land sites, to a riverfront resort property located throughout southern Oregon and northern California are included in this offering.
David Doty, Chief Financial Officer for C & K Market, Inc. stated, "All of these assets are currently being underutilized or are no longer an integral part of C & K Market, Inc.'s future growth plans. The auction allows us to monetize these assets, freeing up funds to update core operating stores and expand into new markets."
A complete list of the eight properties 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 auction is scheduled for September 30, 2015.
Commenting on the portfolio of properties being sold, Jeff Azuse, 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. Azuse added, "Virtually all sites are ideal for development or reuse. The auction represents a tremendous opportunity with many of the sites being located in high traffic retail locations and off 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 and techniques, extensive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE consistently exceeds expectations.